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Hilong wins biddings for two high-value drilling projects in Uzbekistan and Russia

Date:2018-09-26 | Read(553)

(September 26th, 2018, Shanghai) Recently, Shanghai Hilong Drilling ToolsPipe Co., Ltd. (Hilong Drilling Tools), a wholly-owned subsidiary of Hilong Group, hashave  won the bidding of  the Uzbekneftegaz project, and signed a supply contract worth an estimated US$15.9 million with Neftegazinvest LLC. At the same time, Technomash LLC, a wholly-owned subsidiary of Hilong, also won the RN-Burenie LLC bidding project with a contract value of about 1.15 billion rubles US$16.9 million (approximately US$16.9 million 1.15 billion rubles)

 


“Winning these two projects is a new breakthrough for Hilong Drilling Tools, which reflects the recognition Hilong Drilling Tools has gained in Russia and other CIS (Commonwealth of Independent States) countries.” Said Cao Yuhong, the Senior Vice President of Hilong Group and General Manager of the Oilfield Equipment Bbusiness saiddivision. , “tThese two projects have laid a solid foundation for Hilong to further expand in the overseas market.”


 

Neftegazinvest LLC is an indirectly wholly-owned subsidiary of Uzbekneftegaz, mainly responsible for tenders and bids. And Uzbekneftegaz, as a state-owned holding company of Uzbekistan's oil and gas industry, is engaged in exploring, drilling and processing oil and natural gas in Uzbekistan. In addition, RN-Burenie LLC, is a company that provides petroleum and natural gas drilling services in Russia.,