Sichuan Honghua Petroleum Equipment Co., Ltd., a subsidiary of Honghua Group Limited, has secured a significant sales agreement for intelligent drilling rigs valued at over RMB1.5 billion with a Middle East client. This deal, signed on May 23, 2025, serves as a supplemental order to a previous agreement from July 2024. The innovative drilling rigs, featuring an advanced dual-core driving system and modularised train-skidding device, are designed to enhance the efficiency of AI island-featured multi-row clustered wells. This agreement underscores the subsidiary's strong reputation and growing influence in the high-end drilling rig market in the Middle East.
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