KERUI Petroleum obtained over USD 100 million bid for Kuwait 3000HP ultra-deep drilling rig project
On July 5, KERUI Petroleum and Kuwait AREC signed two sets of 3000HP intelligent ultra-deep well drilling rigs contract in a project value of more than USD 100 million.
This is another great project after KERUI Petroleum won the 3000HP intelligent ultra-deep well drilling rig bid for USD 50 million from KDC (Kuwait National Drilling Company) in May this year.
The project strengths the development of KERUI Petroleum in Kuwait and is part of the company’s strategic breakthrough in the Middle East market.
Looking back at the project acquisition, Guangwu Liu, General Manager of KERUI Petroleum Kuwait Branch, said: “The customer believes in KERUI! I believe that China’s name remains high! From the spare parts sales to the selection of KERUI drilling rigs, our solutions have always been the customer’s first choice.”
It is believed that the footprint of KERUI 3000HP intelligent ultra-deep well drilling rig will be deeply imprinted in Kuwait soil. The drilling rig will be developed by AREC in the KOC oilfield to help increase Kuwait oil production and achieve the national company’s target of 4 million barrels for 2020.
Kuwait’s oil reserves represent 10% of the world total. The main oil and oil service companies, European and American have dominated and competed for a long time. In this stage of the competition, China has entered to participate in the market with its intellectual creation.
In 2015, KERUI Petroleum successfully delivered two sets of 1500HP fast-moving rigs to Exxon Drilling Company under the Kuwaiti royal family’s sponsorship. After two years of high-quality and efficient operation, KOC awarded KERUI rig with ‘Rig of the Year 2017’.
Since 2016, KERUI Petroleum’s membrane separation and nitrogen production stimulation technology has been used to fill the gap in the oilfield production technology in Kuwait, being at the present time the only liquid nitrogen production technology in the country; now the KERUI 3000HP intelligent ultra-deep well drilling rig will take root in Kuwait as well.
The 3000HP intelligent ultra-deep well drilling rig is a product developed by KERUI Petroleum for the characteristics of the Middle East market. These series of rigs realize integrated control of automation equipment and greatly improves the efficiency of drilling operations.
In 2017, KERUI Petroleum successfully delivered the intelligent deep-drilling platform of 3000HP with a project with Saudi Aramco, the largest oil company. So far, it has successfully drilled 6 wells.
KERUI Petroleum has always provided its customers with high-quality technology to reduce costs, and we hope that as our technology has done, more Chinese companies will enter the global market,” the Project Director, Zhilong Zhao, affirmed.
KERUI Petroleum has customized oil equipment and technical services that have helped customers in Kuwait and the Middle East to achieve success. Kuwait is an important centre for connecting the Silk Road. As active company of the ‘One Belt, One Road’ Initiative, in the near future KERUI Petroleum will not only help products and services to be exported, but also Chinese technology brands enter the international market and take advantage of this national initiative to help customers achieve greater commercial value and make smart creations of China go to the world.
KERUI Petroleum has customized oil equipment and technical services that have helped customers in Kuwait and the Middle East to achieve success. Kuwait is an important centre for connecting the Silk Road. As active company of the ‘One Belt, One Road’ Initiative, in the near future KERUI Petroleum will not only help products and services to be exported, but also Chinese technology brands enter the international market and take advantage of this national initiative to help customers achieve greater commercial value and make smart creations of China go to the world.
