HBP Won The Bidding for EPCC Water Treatment in Garraf Oilfield of Iraq

China Oil HBP Science & Technology Corporation Ltd. (Hereinafter referred to as “HBP”) confirmed winning the bid of Garraf oilfield water treatment EPCC project from Iraq wholly-owned subsidiary of Petronas Malaysia(Hereinafter referred to as “PCIHBV”) on May 20, 2019. The contract amount is about ¥219 million.

Petronas Malaysia is a state-owned enterprise wholly owned by the Malaysian government. It is a global Fortune 500 company and the world's top 20 oil company in the world. In 2017, HBP signed third-phase crude oil well gathering EPCC project of Iraq Garraf oilfield with PCIHBV. This is the second collaboration, which strong proves that HBP‘s previous work has been fully recognized by the owners and further consolidates market position in Iraq.

With the accelerated deployment of market layout and brand building work, HBP expects to have a sustained breakthrough in the Iraqi region in the future. The winning bid of this project will lay a good foundation for the company to further develop a promising overseas market, HBP has taken a solid step toward the goal of the world's leading oil and gas field engineering service provider.HBP is confident to seize the industry's recovery and the good opportunities of continuous deepening of the "Belt and Road" international cooperation, realizing the development of oil and gas engineering services business in a wider field.