[Caihua Social News] Honghua Group (00196.HK) announced that Honghua Oil and Gas Engineering and Technical Services Co., Ltd. ("Honghua Oil Service"), a subsidiary of the company, has recently won the bid for the shale gas drilling and testing integrated engineering service project (the "project") of the Development Division of Southwest Oil and Gas Field Branch of Petrochina Natural Gas Co., Ltd. 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.
The company believes that the successful winning of the bid is the full recognition of the technical strength, operating ability and reputation of the company by the development department. The Group will also continue to promote technological upgrading, deepen the expansion of market space, and continue to occupy a leading position in the industry.