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HONG KONG, Oct 8, 2014 - (ACN Newswire) - Hilong Holding Limited ("Hilong" or the "Group"; stock code: 1623), a leading PRC-based integrated oilfield equipment and services provider, has announced that it has signed a contract with Petromanas Albania GmbH to provide land drilling services in Albania with a 3,000HP drilling rig HL-30(the "HL-30 Contract"). HL-30, with a service period of 2+1+1 years, will start its operation from a time window between December 2014 and February 2015.
Signing the contract indicates that Hilong's global competitive strength in onshore drilling services has been recognized by the world-class international oil & gas companies. It also represents Hilong's significant breakthrough in marching into a new regional market for oilfield services. Going forward, Hilong will continue striving to expand its cooperation with international renowned customers and develop oilfield services in other regional markets.
About Hilong Holding Limited
Hilong Holding Limited is a leading PRC-based integrated oilfield equipment manufacturer and service provider with market leadership position in the fields of drill pipes, line pipe and OCTG coatings and oilfield services. It is China's largest and the world's second largest supplier of drill pipes and OCTG coatings, and a key supplier of line pipe coating materials in China. The Group continuously expands its business horizon and marched into offshore engineering services field in 2014. Hilong follows the business philosophy of integrating products together with services and strives to become a top service provider with strong support from its high-end equipment.
For press enquiries:
Strategic Financial Relations (China) Limited
Ms. Nan Dong Tel (852) 2864 4811 nan.dong@sprg.com.hk
Ms. Winnie Lau Tel (852) 2864 4876 winnie.lau@sprg.com.hk
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1. Note: Petromanas Albania GmbH is a wholly owned subsidiary of Petromanas Energy Inc., an international oil and gas exploration company headquartered in Canada. Petromanas holds 25% participating interest in the Blocks 2-3 PSC onshore Albania and is the operator, with the remaining 75% participating interest being held by Shell Upstream Albania B.V. The HL-30 Contract has been awarded to conduct activities in implementation of the Blocks 2-3 PSC.
Topic: Press release summary
Source: Hilong Holding Limited
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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