Sinopec Oilfield Service Signs USD175 Million of Contracts Overseas
Xu Wei
/SOURCE : Yicai
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.

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Keywords: Sinopec Oilfield Service , Kuwait , Nigeria , Oil