Independent oilfield services provider in China Anton Oilfield Services has signed a contract to provide technical services, including cementing and drilling fluid services, for a Chinese project in Ethiopia
Worth US$32.23mn and effective for a period of two years, the project is expected to commence operation in the second half of 2015 and completed in two years.
According to the company, the signing of this contract signifies Anton Oilfield Services’ efforts to establish strategic cooperation with Chinese non-SOE investors in overseas markets.
The group’s drilling services have expanded further into new overseas markets, which will provide new impetus for its growth, Anton Oilfield Services’ sources added.
