Gulf Oil and Gas accountACCOUNT

China North East Orders New Deep Well Drilling Rig

Source: www.gulfoilandgas.com 12/4/2009, Location: Asia

China North East Petroleum Holdings Ltd., a leading independent oil producing and oilfield services company in Northern China, announced that its oilfield services subsidiary, Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng") has ordered a 4,000 meter drilling rig to add to its operational fleet.

This new rig will be delivered this month and is expected to be fully operational by January 2010. Once the drilling rig is delivered, Tiancheng will have eight operational drilling rigs, including two with a drilling depth of 4,000 meters, three that can drill up to 3,000 meters and three with the ability to drill up to 2,000 meters.

Mr. Hongjun Wang, President of China North East Petroleum commented, "We believe the addition of a new deep well drilling rig is the right strategic move for our business at this time. PetroChina has recently decided to expand its oil refinery in the northern province of Jilin and their refining capacity is expected to increase to 10 million metric tons per year, or approximately 200,000 barrels a day, up from 7 million tons annually. PetroChina is a major customer of ours and we believe that a second deep-well rig in our fleet could allow us to drill deeper into the Jilin oilfield on their behalf, potentially benefiting both our drilling services and oil production segments."

Rigs >>

Rigs News in China >>

Russia >>  6/5/2019 - Russia’s SOCAR ENERGORESURS LLC has purchased an 80% stake in Antipinsky Oil Refinery. Its participants are a group of investors and Sberbank. The joi...
Russia >>  5/20/2019 - NOVATEK has announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commi...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.