Helong Holdings (01623.HK) signed a us $33.1 million contract to provide drilling services

2022-08-03 0 By

Kuwait Energy Iraq Ltd. (Kuwait Energy Iraq Ltd), Kuwait Energy Iraq Ltd. (Kuwait Energy Iraq Ltd), has signed a contract with Kuwait Energy Iraq Ltd. (Kuwait Energy Iraq Ltd).Awarded for drilling services for three Wells valued at approximately $33.1 million, the group’s first major drilling contract in Iraq.According to the disclosure, KE Iraq is a subsidiary of United Energy Group Co., LTD., mainly engaged in oil and gas exploration, development and production business.The Board believes that the drilling services contract reflects the fact that the Group’s oilfield services are widely recognised in the industry and provides a solid foundation for the group’s future development in the international market.