Jining Donghong Machinery Co., Ltd
Quality supplier of drilling rig parts for Bomco,Lanzhou LS, Honghua, Sj petro, Rg Petro, Beijing BPM, Shenkai, Kingdream, CCDC
ProfileOur CertificateOur AdvantageMission StatementQuality Control SystemOilfield Equipment/Drilling Rig Parts/ComponentsHeavy Equip and PartsTruck-mounted drilling rigTrailer-mounted drilling rigModular drilling rigBigEasy drilling rigHelicopter drilling rigSJ PetroleumTruck-mounted drilling rigsRG Petro drawworksRG Hook blockRg petro traveling blockRg petro hookRg petro crown blockRg petro rotary tableRg petro swivelNanyang RG PetroleumDC electric drive drilling rigAC Variable-frequency electric drive drilling rigMechanical drive drilling rigCombined drive drilling rigLand drilling rigTruck mounted drilling & workover rigsBomco rotary tableBomco swivelBomco traveling blockBomco hooksBomco crown blockBomco drawworksBomco mud pumpBomco/Baoji OilfieldHonghua Crown blockHonghua SwivelHonghua HookHonghua drawworksHonghua traveling blockHonghua rotary tableSichuan HonghuaDC motor driven drilling rigAC Variable Frequency Motor Driven Drilling Rigs Mechan-Electric Drilling RigsMechanical Driven Drilling RigsLanzhou Crown BlockLanzhou Traveling blockLanzhou HookLanzhou Hook BlockLanzhou SwivelLanzhou Rotary TableLanzhou DrawworksLanzhou Eddy current brakeLanzhou Mud pumpLanzhou Compound Transmission UnitLanzhou MastLanzhou SubstructuresLanzhou LS-NOWBPM Control System for Surface Mounted BOP StacksBPM Top driveBPMF/BPM(Beijing Petroleum)Renqiu Boke(Forward)Hysun MarineGGPMF/DONGSU(BOP CONTROL)FlowroxShenkai BOPShanghai ShenkaiCasing spoolKilling manifoldChoke manifoldKingdream Gate valveKingdream Choke valveKingdream check valveChengde KingdreamDrawworks Hydraulic Disc BrakeCentrifugal pumpMud Pump PartsBOP превенторBOP Control UnitSolid Control EquipmentWellhead Equipment & ToolsDownhole ToolsDrilling Rig Components & OthersDrawworks and PartsOther PartsRG Water Drilling Rig PartsSafety ProductHP Flow Line ProductsCrown blockUniversal JointBearingHydraulicElectricalPneumaticsHigh pressure hoseBladder AccumulatorBomco

Addax Petroleum confirms signing of oil drilling agreement with Gabon after talks

Issuing time:2015-09-01 13:40

LIBREVILLE, Jan. 17 (Xinhua) -- Addax Petroleum, a Chinese oil company, has expressed satisfaction after concluding talks for a new oil drilling agreement with Gabon.

"This marks the beginning of a new partnership that is mutually beneficial for the next 10 years," Addax Petroleum, subsidiary of China's energy giant Sinopec Group, said in a statement obtained here on Friday.

After talks, Gabon has inked the deal with Addax Petroleum for drilling oil in Tsiengui, Obangue and Autour fields.

"The agreement is one of its kind in Gabon's oil industry, with the Gabonese state maximizing its financial and technical interests while exploiting its natural resources," the statement added.

"I have the pleasure to confirm that our efforts to amicably resolve all existing differences bore fruits and we had successful negotiations with the Gabonese government," said Zhang Yi, CEO of Addax Petroleum.

"This happy ending was a result of constructive discussions between the two parties and reflects the historic friendship between Gabon and China. I want to thank Gabon for guiding the talks in the interest of all parties," Zhang said.

"This is excellent news for this new year and I have instructed my local team to effectively resume activities as soon as possible to guarantee the success of this new partnership," he declared.

The partnership establishes new possibilities of growth for Addax Petroleum and Sinopec in Gabon.

On Wednesday, Gabonese Petroleum Minister Etienne Dieudonne Ngoubou revealed the signing of the agreement on Jan. 9.

The Gabonese minister said the agreement was meant to end disagreements between Gabon and Addax Petroleum which began in 2007.