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Sinopec SSC (01033), Saudi Aramco sign US$340M contract
14 Mar 2019
(Infocast News) Sinopec International Petroleum Services Corporation, a wholly-owned subsidiary of Sinopec Oilfield Service Corporation (01033), has entered into a contract on four drilling rigs services with Saudi Arabian Oil Company (Saudi Aramco) with a contract value of US$340 million (RMB2.278 billion), accounting for 4.7% of Sinopec Oilfield Service Corporation's operating revenue in 2017 prepared in accordance with PRC ASBE.

The contract periods are five years for three of the rigs and ten years for the remaining one.

(WL)
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