(Shanghai, October 12, 2023) Hilong Group's subsidiary, Hilong Petroleum Pipe Company LLC, landed a significant drilling equipment supply contract valued at approximately $53.6 million with ADNOC Drilling Company PJSC (ADNOC Drilling). Under this agreement, Hilong will provide drilling products and services to support ADNOC Drilling's operations for a total of 17 onshore and offshore drilling rigs.
This contract is the second order Hilong Group has received from ADNOC Drilling since June 2023. The signing ceremony for the contract was held at the 2023 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2023).
Cao Yuhong, Senior Vice President and General Manager of the Oilfield Equipment Business Unit at Hilong Group, said, "The signing of this contract underscores the trust our strategic client has placed in Hilong's technological prowess, as well as the exceptional quality of our drilling equipment. Hilong is dedicated to deepening our partnership with strategic clients and further expanding our market presence within the Middle East."
ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), is primarily engaged in providing services for conventional and unconventional oil and gas resource development.