Honghua Group (00196.HK) announced that its subsidiary Honghua Oil Service has recently won the bid for the shale gas drilling and testing integrated engineering service project of the Development Division of Petrochina Company Limited (00857.HK) Southwest Oil and Gas Field Branch.
The contract amount of the project is about 500 million yuan, covering drilling and testing integrated engineering services for 8 shale gas wells, including drilling, cementing, completion, fracturing, production testing and so on.