(June 9, 2023, Shanghai) Hilong Petroleum Pipe Company LLC (Hilong PPC), a subsidiary of Hilong Group of Companies, recently signed three supply contracts for drill strings and bottom hole assembly (BHA) with ADNOC Drilling Company PJSC, Egyptian Drilling Company (EDC), and Arabian Drilling Company. Additionally, Shanghai Hilong Drill Pipe Co., Ltd. signed a total of three drill string supply contracts with Baoji OILFIELD Machinery Co., Ltd. and Sichuan Honghua Petroleum Equipment Co., Ltd. The six contracts represent a total value of approximately $26.7 million.
Hilong received an order contract for drill pipes and weighted drill pipes from EDC for the second time in the past 12 months. Hilong PPC also will furnish two onshore drilling rigs of ADNOC Drilling Company PJSC with drill strings, as well as six onshore drilling rigs of Arabian Drilling Company with complete drilling tools and bottom hole assembly (BHA).
Shanghai Hilong Drill Pipe Co., Ltd. will serve Baoji OILFIELD Machinery Co., Ltd. and Sichuan Honghua Petroleum Equipment Co., Ltd.
Cao Yuhong, Senior Vice President and General Manager of Oilfield Equipment Division of Hilong Group of Companies said, "The signing of these contracts further demonstrates the leading role that Hilong Oilfield equipment and services enjoy in the Middle East and global markets, as Hilong is committed to building close relationships with high-end customers in the high-end market and gaining their trust in the production, delivery, and service value of Hilong. Moreover, these contracts further lay the foundation for the cooperation between Hilong and onshore and offshore oil and gas drilling companies in Saudi Arabia and open the door for the company’s entrance into the Saudi Arabian market."
ADNOC Drilling PJSC is a subsidiary of Abu Dhabi National Oil Company and provides services for the drilling and construction of conventional and unconventional oil and gas reservoirs. Baoji OILFIELD Machinery Co., Ltd., a subsidiary of China National Petroleum Corporation, handles the manufacturing of oilfield machinery and equipment. Sichuan Honghua Petroleum Equipment Co., Ltd. is a subsidiary of Honghua Group Co., Ltd. and is involved in the manufacturing of petroleum equipment.