Antonoil Wins New Technical Services Project in Ethiopia

Antonoil Wins New Technical Services Project in Ethiopia

Anton Oilfield Services Group (“Antonoil” or the “Group”,HKEx stock code: 3337), the leading independent oilfield services provider in China, announced that the Group has signed the contract for providing technical services, including cementing and drilling fluid services, for a project of a Chinese non-SOE investor in Ethiopia at a contract value totaling approximately RMB200 million for an effective period of 2 years, among which RMB130 million of cementing services, and RMB70 million of drilling fluid services.

The project is expected to commence operation in the second half of 2015, and shall be completed in two years.

The signing of this contract signifies Antonoil’s efforts to establish strategic cooperation with Chinese non-SOE investors in overseas markets.

The Group’s drilling services have expanded further into new overseas markets, which will provide new impetus for its growth.

Source: Antonoil

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