Sichuan Honghua Secures $100 Million Drilling Rig Deal in Middle East

Reuters

07-02

Sichuan Honghua Secures $100 Million Drilling Rig Deal in Middle East

Sichuan Honghua Petroleum Equipment Co., Ltd., a subsidiary of Honghua Group Limited, has secured a significant sales agreement valued at over US$100 million with a leading oilfield services company in the Middle East. The deal involves supplying several sets of advanced desert fast-moving drilling rigs, designed for high mobility and adaptability to various challenging terrains and environments. This agreement reflects Sichuan Honghua's ongoing commitment to providing innovative and energy-efficient drilling solutions, reinforcing its long-standing business relationship with the Middle Eastern client.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Honghua Group Ltd. published the original content used to generate this news brief on July 02, 2025, and is solely responsible for the information contained therein.

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