In the first quarter of this year, international petroleum engineering companies actively responded to the epidemic, consolidated and strengthened traditional markets, actively expanded new markets and developed new projects, and the cumulative amount of new contracts signed overseas was 1.49 billion US dollars, an increase of 241% year-on-year.
The Saudi market made a high-quality start. New contracts were signed for US$610 million and completed for US$180 million. They continued to deepen their wellbore business and won the bid for six unconventional gas well drilling rig projects, further expanding their market share of unconventional drilling rigs in Saudi Aramco. Carefully organized the technical service of continuous tubing operation, and completed the acidification operation of the three branches of the KHRS well in 1 month, and twice won the excellent evaluation of Party A.