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Shengli Oilfield Reaped over US$100 mln in Foreign Exchange
Shengli Oilfield, China's second large oil producer, has reportedly scored splendid results in the international market wrapped in a fierce competition, realizing an earning of over US$100 million in foreign exchange this year.
This year has seen the Shandong-based Oilfield contract a serious of engineering projects including oil venture prospecting, oil well drilling and repairing in the Middle East, Central Asia, Africa and South America, and Southeast Asia as well. It has lately succeeded in bringing to finish its contracted project, the Qatar Seabed Oil Land Recovering Well DK1552.
Shengli Oilfield has set up 15 offices abroad in succession to attract more business for them. Last February saw it win the bidding of an oil well drilling project in Iraq from amongst bidders of over 20 countries with the signed contract valuing RMB 200 million in total.
Shengli Oilfield has up to now in its possession a group of professionals in oil well drilling, prospecting and recovering. And through years of cooperation in overseas fieldwork this contingent has already adapted themselves to circumstances in alien lands and has become the main force of Shengli Oilfield in its overseas business.
By PD Online Staff Huang Ying
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