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anton oilfield services gp (3337) Snapshot

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anton oilfield services gp (3337) Details

Anton Oilfield Services Group provides oil and gas field development technical services for oil companies in the People’s Republic of China, Iraq, and internationally. The company’s Drilling Technology segment offers drilling technical services, including directional drilling, drilling fluid, integrated drilling, and rig services. Its Well Completion segment provides well completion technical services and tools comprising well completion integration, screen well completion, and gravel packing well completion, as well as anti-corrosion and wear-resistant oil production tools, such as couplings, sucker rods, pressure-regulating water injection pumps, and regular pumps. The company’s Down-Hole Operation segment offers down-hole operation technical services consisting of production enhancement operation, coiled tubing operation, pressure pumping, tubular helium testing, and oil production technologies. Its Tubular Services segment provides multistage testing and whiting for drilling tools, drilling tool wear-resistant belt welding, repair of drilling tools, casing and tubing, coatings for drilling pipes and tubings, and leasing of drilling tools; and produces heavy-weight drilling pipes, drilling collars, as well as processes tubing and casing products. Anton Oilfield Services Group also manufactures and sells petroleum drilling and sand control equipment; and offers oilfield services and sells production equipment, as well as corporation management consultation, enterprise image design, and merchandise information advisory services. Anton Oilfield Services Group has strategic agreement with Magcobar to provide oil-based drilling fluid services. The company was founded in 1999 and is headquartered in Beijing, the People’s Republic of China. Anton Oilfield Services Group is a subsidiary of Pro Development Holdings Corp.

Founded in 1999

anton oilfield services gp (3337) Top Compensated Officers

Founder, Chairman of the Board, Member of Nom...
Total Annual Compensation: CNY1.9M
Executive Vice President
Total Annual Compensation: CNY2.7M
Executive Director
Total Annual Compensation: CNY1.8M
Compensation as of Fiscal Year 2014.

anton oilfield services gp (3337) Key Developments

Antonoil Wins General Contract for Oilfield Workover and Completion Service in South Iraq

Anton Oilfield Services Group (Antonoil) announced that the Group has received a notification from an international oil company customer operating oilfield projects in south Iraq that the Ministry of Oil of Iraq has lately cleared the general contract awarded to Antonoil for the provision of oilfield workover and completion services. Internal approval procedures have been undergoing at this point in time for the finalization of the said contract by the parties concerned. The contract, with an estimated value of USD 140 million, covers workover and completion services for more than 160 wells and acidizing service for over 60 wells. The four workover rigs required for the operation will be supplied by the Group. According to the pre-set schedule, the project is expected to commence in the first half of 2016, with services offered spanning for a term of three years. As the Group had obtained from the customer a letter of commitment for the project last October and further initialed the contract in January this year, as soon as internal approval procedures are completed and formal signing of the contract concluded to make the contract effective in the final stage of project confirmation, the Group will kick off preliminary preparation for the project in the short run.

Anton Oilfield Services Group Wins Bid for Workover and Other Service in Middle Iraq

Anton Oilfield Services Group announced that the group has won a bid lately for the provision of three well's workover and other services in middle Iraq. As the chief contractor for the project operated by an international oil company, Anton is commissioned to provide a series of services covering workover, coiled tubing acidizing and other downhole services. The contract value is estimated to stand at approximately USD 17.99 million. The project is expected to kick off in early 2016.

Anton Oilfield Services Group Wins Bid for Tight Oil Development Services in China

Anton Oilfield Services Group announced that the Group has won a bid for the provision of tight oil development services covering horizontal well drilling and fracturing integration for two well projects in northwestern China. The contract value is estimated to stand at approximately RMB 53 million. The awarding of this service order follows a similar contract win involving horizontal well open hole multi-stage fracturing services for another tight oil development project in the Sulige area in Erdos in the previous month.

 

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