China's Zhongman Petroleum and Natural Gas Group announced on Wednesday that its subsidiary has been awarded an oilfield drilling contract in Iraq.
The company said in a stock exchange statement that its wholly owned subsidiary Zhongman Petroleum Engineering Technology Service (Hong Kong) and Schlumberger Middle East have signed drilling project contract worth $24.5 million (approximately 158 million RMB) for the Zubair oilfield in Iraq.
The contract duration is for three years, the statement said.
(Writing by N Madhura; Editing by Anoop Menon)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021