Honghua Group's (HKG:0196) subsidiary Sichuan Honghua Electric secured a contract to provide a one-year operation support services project for land-based electric-driven fracturing from an undisclosed domestic customer for over 75 million yuan, a Wednesday Hong Kong bourse filing said.
Under the agreement, Sichuan Honghua Electric will be providing a series of electric-driven fracturing equipment and services used in the development of unconventional oil and gas resources for the customer.
The service contract is renewable for another year if the parties agree to it.
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