HONG KONG, June 9, 2015 /PRNewswire/ -- Anton Oilfield
Services Group ("Antonoil" or the "Group",
HKEx stock code: 3337), the leading independent oilfield services
provider in China, is pleased to
announce that the Group has won a bid for the provision of tight
oil development services today covering horizontal well drilling
and fracturing integration for two well projects in northwestern
China. The contract value is
estimated to stand at approximately RMB53
million. The awarding of this service order follows a
similar contract win involving horizontal well open hole
multi-stage fracturing services for another tight oil development
project in the Sulige area in Erdos in the previous month.
This year thus far, Antonoil has continued to win bids for tight
oil development services using unconventional oil and gas
technology in new tight oil development services markets in a
service area covering both eastern and western China and spanning from horizontal well
drilling, well completion and multi-stage fracturing. During the
year, in the new tight oil development services markets, the
Group's newly increased orders for tight oil development services
have added up to RMB120 million. It
has been noted that in the last two years, a growing number of
oilfields in China, especially old
oilfields, have turned to unconventional oil and gas technology for
tight oil development, achieving breakthroughs as a result. The
tight oil development services market is set for explosive growth
in the years to come as some of which, that started off as pilot
projects, bear fruit.
Anton management believes that the outlook for the application
of unconventional oil and gas technology for tight oil development
in old oilfields in China is
promising. With more and more oilfields ready to employ
unconventional oil and gas technology in tight oil development, the
Group is positive about winning more projects in China this year.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/antonoil-wins-bid-for-tight-oil-development-services-in-china-300096266.html
SOURCE Anton Oilfield Services Group