SPT Energy's Unit to Purchase Oilfield Operation Equipment; Shares Surge 7%

MT Newswires Live

2025/02/25

SPT Energy's (HKG:1251) unit, Sinopetroleum Technology, has agreed to acquire oilfield operation equipment from Sany Petroleum Intelligent Equipment for 19.9 million yuan, a Monday filing with the Hong Kong bourse said.

The move comes as part of a capital investment in the oilfield service projects in Turkmenistan to boost production efficiency, according to the oilfield services provider.

Shares of the company were up nearly 7% in recent trade.

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