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

Reuters
02 Jul
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.

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