ANTON OILFIELD CLINCHES TECHNICAL SERVICES CONTRACT IN ETHIOPIA

Leading independent integrated oilfield services provider in China Anton Oilfield Services Group has announced that the Group has signed the contract today for providing technical services, including cementing and drilling fluid services, for a project of a Chinese non-SOE investor in Ethiopia.

The contract worth approximately RMB200 million for an effective period of 2 years will see RMB130 million allocated to cementing services, and RMB70 million of drilling fluid services.

The project is expected to commence operation in the second half of 2015, and shall be completed in two years.

The signing of this contract signifies Anton oil’s efforts to establish strategic cooperation with Chinese non-SOE investors in overseas markets. The Group’s drilling services have expanded further into new overseas markets, which will provide new impetus for its growth.