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Sinopec wins $50 million drilling contract in Nigeria

Onome Ohwovoriole by Onome Ohwovoriole
December 22, 2017
in Business News, Company News

Dai-Houliang, General Manager, SINOPEC

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Shengli Petroleum Engineering ( a subsidiary of the Sinopec group)has won a $50 million contract to drill an offshore block in Nigeria. The project is expected to commence in 2018.

Sinopec Petroleum Engineering Design Co., Ltd. (referred to as the petroleum engineering design, the former Shengli Oilfield Investigation and Design Institute), was founded in 1965, was founded in 1972, is a focus on the development and construction of petroleum engineering enterprises. The company is headquartered in the beautiful city- Dongying City,

Sinopec Corp. acquired the oil production assets of Shengli Petroleum Administration Bureau from Sinopec Group on the 31st of December 2006. Sinopec was established as a joint stock entity under the China Petroleum and Chemical Corporation in February 2000. The company was simultaneously listed on the London, New York and Hong Kong stock exchanges in October 2000.

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Tags: crude oil productionSinopec
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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Comments 1

  1. Mr John Zuofa says:
    October 30, 2018 at 12:26 pm

    Zuojoff Nigeria Limited is intested in Doing Business with the said multinational company instrested in doing Business in Nigeria.. Thanks.

    Reply

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