Great Wall Drilling Co., Ltd. Launches Indonesian Project

On January 5, Great Wall Drilling Company No. 1's newly won bid for the Indonesian Petroleum Company's PHSS drilling project drilling rig was being intensively assembled at Tianjin Port and will be shipped to Indonesia on January 10. This is the company's first cooperation with Indonesia's National Petroleum Corporation after a lapse of one year. It is also another order in the overseas market after the "two consecutive projects" in Algeria and the United Arab Emirates.

Since the beginning of 2023, facing the favorable situation of recovering overseas oil and gas demand, Drilling Company No. 1 has adhered to the concept of "consolidating traditional markets and expanding advantageous markets", paying close attention to market dynamics, and making every effort to promote "secondary entrepreneurship" in overseas markets.

Since Chad's GW58 and GW96 drilling rigs entered Chad's peripheral oil areas for construction in 2019, they have completed a total of 24 exploration wells. The quality of the well body, wellhead quality, and cementing quality are all excellent, and they have won high recognition from Party A. After the contract expired in 2023, these two teams were quickly renewed based on their excellent construction performance, and the market continued.

Drilling Company No. 1 actively collects and analyzes market information, establishes a reporting and communication mechanism for market information and Party A's information, strengthens dynamic tracking, and seizes the opportunity of public bidding to actively participate and strive for market breakthroughs. In the Algerian market, we formulated detailed technical and business plans in response to the requirements of Party A's Algerian National Petroleum Company's multiple rounds of bidding, and finally won a large order for 4 drilling rigs and 2 workover rigs; in the UAE market, we selected drilling rig resources. Technical promotion, formulating plans one by one to respond to Party A's key concerns, and successfully signing a contract for four drilling rigs of Abu Dhabi National Oil Company in the United Arab Emirates; in the Indonesian National Oil Company bidding, carefully prepared equipment lists, business estimates and other materials, and invited Party A Inspect drilling rig equipment.

So far, this company has won the bid for 11 new drilling rigs and 2 workover rig contracts, and has renewed the contract for 2 drilling rigs. Advantageous markets such as Algeria, the United Arab Emirates, and Indonesia have restarted one after another, and overseas business is showing a strong recovery trend.