Tag Archives | Honghua Group

Honghua Signs $26m Drilling Contract

By John Lee. Chinese company Honghua Group Ltd has announced that it entered into an oilfield services agreement worth approximately US$26.0 million (approximately HK$201.5 million) with an Iraqi client in early July. Pursuant to the oilfield services agreement, the company will provide drilling services using two rigs which are expected to gradually begin operations in August and September 2015. In […]