Anton Oilfield Clinches Technical Services Contract In Ethiopia

Leading independent integrated oilfield services provider in China Anton Oilfield Services Group has announced that the Group has signed the contract today for providing technical services, including cementing and drilling fluid services, for a project of a Chinese non-SOE investor in Ethiopia.

The contract worth approximately RMB200 million for an effective period of 2 years will see RMB130 million allocated to cementing services, and RMB70 million of drilling fluid services.

The project is expected to commence operation in the second half of 2015, and shall be completed in two years.

The signing of this contract signifies Anton oil’s 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.

About Anton Oilfield Services Group

Anton Oilfield Services Group (HKEx stock code: 3337) is a leading independent integrated oilfield services provider providing products and services for the entire process of oil and gas development and production, including reservoir management, drilling technology, well completion, down-hole operations, oil production as well as tubular service.

The Group is headquartered in Beijing and has established an international network across China and overseas markets. In China, its markets cover the Tarim area, Erdos area, Southwest area and other areas of China, whereas, its overseas markets include Iraq and other Middle East market, Central Asia and Africa market and the Americas market.