Yantai Jereh Oilfield Services Group Gets EPC Contract to Upgrade Wells in UAE

MT Newswires Live

2024/11/06

Yantai Jereh Oilfield Services Group (SHE:002353) said its subsidiary in Abu Dhabi was awarded the engineering, procurement and construction contract for the digital transformation of well sites in the Bab, Bu Hasa and South East blocks in the UAE.

The letter of award, which is estimated at 6.56 billion yuan, was awarded by ADNOC Onshore, according to a Wednesday filing with the Shenzhen bourse.

The project covers oil wells, water injection wells, WAG wells and wastewater disposal wells, with construction expected to take 42 months.

Price (RMB): ¥34.39, Change: ¥-0.080, Percent Change: -0.23%

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