Sinopec Oilfield Service Signs USD175 Million of Contracts Overseas
Xu Wei
DATE:  Sep 26 2017
/ SOURCE:  Yicai
Sinopec Oilfield Service Signs USD175 Million of Contracts Overseas Sinopec Oilfield Service Signs USD175 Million of Contracts Overseas

(Yicai Global) Sept. 26 -- Sinopec Oilfield Service Corp. [SHA:600871] said yesterday that it recently signed USD175 million of contracts overseas.

The Kuwait branch of the company's wholly-owned subsidiary Sinopec International Petroleum Service Corp. and Kuwait Oil Co. signed deals for two units of deep-well workover rigs and a five-year logging project worth USD60 million and USD25 million.

Sinopec International Petroleum Service's Nigerian arm and Shell Nigeria signed an offshore drilling platform project with a contract amount of USD90 million.

Sinopec Oilfield Service said that these three contracts total USD175 million (CNY1.155 billion), accounting for 2.69 percent of its revenue for last year.

Follow Yicai Global on
Keywords:   Sinopec Oilfield Service,Kuwait,Nigeria,Oil