Anton Oilfield Services Awarded Service Contract with Two Rigs for Drilling Project in Southern Iraq
Anton Oilfield Services Group (“Anton” or the “Group”, HKEx stock code: 3337), the leading independent oilfield services provider in China, is pleased to announce that the Group is today awarded the contract for a drilling project in southern Iraq, providing services with two rigs on a day-rate basis with the mobilization cost covered by the client.
The contract, with a value of about US$50 million, is effective for a period of three years and also includes an option for an additional period of one year.
The contract of this project signifies that Anton’s Rig Service has gained recognition in the international market and expanded overseas. Its successful operation will enhance profitability for the product line of Rig Service.
The Group is of the view that Rig Service has good growth prospects in Iraq. Anton will witness more market opportunities abroad as its Rig Service operates smoothly in overseas projects.
SOURCE Anton Oilfield Services Group