Antonoil Wins Bid for Workover and Other Service in Middle Iraq

HONG KONG, June 28, 2015 /PRNewswire/ -- Anton Oilfield Services Group ("Antonoil" or the "Group", HKEx stock code: 3337), the leading independent oilfield services provider in China, is pleased to announce that the Group has won a bid lately for the provision of three well's workover and other services in middle Iraq. As the chief contractor for the project operated by an international oil company, Anton is commissioned to provide a series of services covering workover, coiled tubing acidizing and other downhole services. Iraqi Drilling Company is our working partner for the supply of workover rig equipment and operation. The contract value is estimated to stand at approximately USD17.99 million. The project is expected to kick off in early 2016.

The award of this service order denotes Anton's efforts to extend its reach from the original batch of Chinese customers to international corporate clients. This allows the Group to make its entry into new market areas in Iraq and work in collaboration with national oilfield services corporation in the country. Anton management believes the workover sector offers much potential for further development in Iraq. The smooth operation of such services would enable the Group to achieve better profitability for its workover service segment of the Group and open up new opportunities for business overseas.

About Anton Oilfield Services Group

Anton Oilfield Services Group (HKEx stock code: 3337) is a leading independent integrated oilfield services provider. The Group provides products and services for the entire process of oil and gas development and production, including integrated-service, drilling technology, well completion, down-hole operations, oil production as well as tubular service. The Group has established an international network across China and overseas markets, providing products and services in 14 countries including China and those in Middle East, Central Asia and Africa area and America. With its comprehensive product lines and integrated service capacity, the Group is empowered to help oil companies solve their challenges in increasing production, improving drilling efficiency, lowering costs and optimizing waste management. Its fast growth benefits from China's advantages in natural resources and the Group's increased presence in overseas markets. Anton Oilfield is the best independent Chinese oilfield services partner the best Chinese partner worldwide. The Group's strategic objective is to become a leading global oilfield services provider with a solid foothold in China.

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SOURCE Anton Oilfield Services Group