CNPC unit to export oil drilling rigs to UAE
Shanghai. October 9. INTERFAX-CHINA - Baoji Petroleum Machinery Co. Ltd., an oil equipment manufacturing subsidiary of China National Petroleum Corp. (CNPC), has secured a RMB 2.08 billion ($304.54 million) order to supply oil well rigs to the United Arab Emirates' National Drilling Company (NDC), state media reported on Oct. 8.
Baoji Petroleum Machinery will supply ten 5,000-meter and two 7,000-meter desert drilling rigs and two sets of drilling tools to NDC between May 2010 and November 2011, Xinhua news agency reported. This order represents the largest oil rig order received by a Chinese manufacturer to date.