Original title: Anton Oilfield Services (03337-HK) added orders of about RMB 1,077 billion in the 3rd quarter Source: Caihua.com
[Caihua News] Anton Oilfield Services (03337-HK) announced that in the third quarter, the Group added orders of about RMB 1,077 million, down 7.5% from the same period last year. Among them, new orders from the Chinese market were about RMB 657 million, an increase of 30% over the same period last year; new orders from the Iraqi market were about RMB 350 million, an increase of 135.4% over the same period last year; and orders from other overseas markets were about RMB 69.8 million, a decrease of 86.3% compared with the same period last year.
In the Chinese market, oil companies' development of oil and gas resources has been further accelerated under the national energy security strategy. While strictly preventing and controlling the epidemic, the Group keeps up with market demand and actively seeks orders. In the Xinjiang market, with the Group's technology and service capabilities, the Group continues to win orders for testing, leasing, drilling fluid, and completion technology; in the southwest market, it has received orders for shale gas drilling turnkey projects of about RMB 120 million, and continues to win technical service orders such as completion services, continuous tubing, and testing projects; in other domestic markets, the Group continues to be in Shanxi,OrdosOther markets received orders related to drilling, increased production, fracturing, and completion tools for coalbed methane and dense gas. During the quarter, the Group received a total of RMB 657 million in new orders in the Chinese market, an increase of 30% over the same period last year.
Overseas markets, with the gradual resumption of navigation in the Iraqi market, the Group's key market, project bidding activities are also becoming more active. During the quarter, the Group received additional orders related to oilfield management, oilfield operation and maintenance, continuous oil piping, testing technology, etc. in the Iraqi market. The new order amount was about 350 million yuan, an increase of 135.4% over the same period last year; in other overseas markets, due to the still severe epidemic situation in Central Asia, Africa and other regions, the development of business activities was still limited. During the quarter, the Group's new order amount in other overseas markets was RMB 69.8 million. Therefore, due to the same period last year, the Group won a bid for an integrated oilfield management project with a contract value of about 53 million US dollars. Comparative data for the same period showed a sharp drop of 86.3%.
As of September 30, 2020, the Group had ongoing orders of approximately RMB 5.165 billion. Among them, on-hand orders from the Chinese market are approximately RMB 2,219 billion, accounting for about 43% of the Group's total orders, and the Iraqi market's on-hand orders are about RMB 2,461 billion, accounting for about 47.6% of the Group's total on-hand orders, and about RMB 485 million, accounting for about 9.4% of the Group's total on-hand orders.
In terms of debt management, the company further purchased the Group's US$300,000,975% senior notes (2020 bonds) due in 2020 through the secondary market. From the third quarter to October 21, the group further repurchased bonds of US$67.717 million from the secondary market. After all repurchase bonds are cancelled, the balance of the company's 2020 bonds will be approximately US$116 million, accounting for about 38.5% of the total initial principal amount of the bonds.