Hilong Signed two Drill Pipe Supply Contracts Worth RMB 86.9 Million

海隆集团旗下俄罗斯钻具技术公司近日与俄罗斯石油公司（Rosneft Oil Company）订立两份钻杆供应合同，将为其提供4,526.3吨钻杆，总价值约为9.988亿卢布（约合人民币8690万元）。两份合同到期日皆为2022年12月31日。

Drilling Technologies LLC, a subsidiary of Hilong Group of Companies, signed two drill pipe supply contracts with Rosneft Oil Company, to provide 4,526.3 tons of drill pipes, valued at approximately RUB 998.8 million (approximately RMB 86.9 million). Each of the Contracts has a term ending on December 31st, 2022.

海隆集团高级副总裁兼油田装备事业部总经理曹育红说：“这两份合同的签署，标志海隆在俄罗斯地区的业务发展取得新成效，也表明海隆钻杆在石油行业获得了国际知名客户的进一步认可。同时，这将进一步提高海隆提供更佳钻具解决方案的实力，为海隆迈向更广阔的国际市场奠定坚实基础。”

Cao Yuhong, Senior Vice President and General Manager of Oilfield Equipment of Hilong Group, said: "The signing of the two contracts is symbolic of the results achieved by Hilong toward business development in Russia, and shows the recognition of the quality of Hilong drill pipes by international customers in the petroleum industry. This augments Hilong’s forte to provide drilling tool solutions and lays a solid foundation for Hilong to move towards a broader international market."

俄罗斯石油公司是以俄罗斯为基地的综合油气公司，专注于勘探及评鉴油气田、生产石油、天然气及凝析油、海上油气田开发、给料加工、销售石油、天然气及燃油产品。

Rosneft Oil Company is a Russian-based integrated oil and gas company focusing on exploration and appraisal of hydrocarbon fields, production of oil, gas and gas condensate, offshore field development projects, feedstock processing, sales of oil, gas and refined products.