PR Newswire
HONG KONG, Oct. 11, 2016
HONG KONG, Oct. 11, 2016 /PRNewswire/ -- Anton Oilfield
Services Group ("Antonoil" or the "Group", HKEx stock code: 3337), the leading independent oilfield services provider in
China, is pleased to announce that to date, the Group's five sets of drilling crews have become
fully operational following nearly a year's inactivity in domestic markets. Of which, four sets of drilling crews are put into
service in Erdos natural gas district while the remaining set of drilling crew is deployed in East China district. Looking ahead
into 2017, expected CAPEX in natural gas development projects in Erdos market will have recovery increase with strong recovery
sign, all drilling projects of the Group are expected with continuous workloads. The surge in demand in the market of Erods will
also exceed the Group's service capacity.
The recovery in the domestic drilling markets and the full operation of Anton's drilling crews will help improve overall
facility utilization group-wise. The Group will strive to promote high-quality and efficient implementation of the projects,
while continuing to take advantage of the integrated services driven by the drilling services to cross promote other product
lines (such as the directional drilling services, cementing services and drilling fluid services) in a synergistic way. The Group
will also continue to capitalize on market opportunities in a bid to further improve facility utilization and increase
revenue.
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About Anton Oilfield Services Group
Anton Oilfield Services Group (HKEx stock code: 3337) is a leading independent integrated oilfield services provider. The
Group provides products and services for the entire process of oil and gas development and production, including integrated
services, drilling technology, well completion, oil production as well as tubular services. The Group has established an
international network across China and overseas markets, providing products and services in 14
countries including China and those in the Middle East,
Central Asia and Africa area and America. With its
comprehensive product lines and integrated service capacity, the Group is empowered to help oil companies solve their challenges
in increasing production, improving drilling efficiency, lowering costs and optimizing waste management. Its fast growth benefits
from China's advantages in natural resources and the Group's increased presence in overseas
markets. Anton Oilfield is the best independent Chinese oilfield services partner, the best Chinese partner worldwide. The
Group's strategic objective is to become a leading global oilfield services provider with a solid foothold in China.
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SOURCE Anton Oilfield Services Group