Aleading global land drilling rig manufacturer – Honghua Group Ltd. announced that Honghua Golden Coast Equipment FZE, a wholly-owned subsidiary of Honghua, entered into a land drilling rig sales agreement with Kuwait Drilling Company K.S.C (KDC), with a total amount of approximately US$54 million (approximately HK$418.5 million).
Pursuant to the Sales Agreement, Honghua Golden Coast will provide and deliver KDC 4 units of 7,000 meters land drilling rig in 2015.
Honghua is one of the largest land drilling equipment manufacturers in the world, which is primarily engaged in manufacturing conventional land drilling rigs, digital drilling rigs, accessories of drilling rigs, as well as the parts and components for the drilling rigs or for the maintenance of the drilling rigs in operation.
Kuwait Drilling Company K.S.C is incorporated in Kuwait with 51% equity held by the Kuwait government. It’s principally engaged in drilling exploration, development and work-over businesses.
Pursuant to the Sales Agreement, Honghua Golden Coast will provide and deliver KDC 4 units of 7,000 meters land drilling rig in 2015.
Honghua is one of the largest land drilling equipment manufacturers in the world, which is primarily engaged in manufacturing conventional land drilling rigs, digital drilling rigs, accessories of drilling rigs, as well as the parts and components for the drilling rigs or for the maintenance of the drilling rigs in operation.
Kuwait Drilling Company K.S.C is incorporated in Kuwait with 51% equity held by the Kuwait government. It’s principally engaged in drilling exploration, development and work-over businesses.
Source:
Mubasher
