Daqing Oilfield Press (chief reporter: Zhang Weihong)
August 6th, 2009

　　Daqing Oilfield unswervingly implemented the strategy of “going overseas”, overcame great difficulties caused by global financial crisis and comprehensively promoted the development of overseas markets. The contract in market development with total amount of 10.9 billion yuan has been signed for the first half of the year, which has fulfilled 61.7 percent of the target of the whole year, a year-on-year growth of 21.3 percent.

　　Daqing Oilfield Company (DOC) always adheres to the principle of “Human Oriented” in the development of overseas markets and made HSE management and antiterrorism as its priority. The Company diligently carried out the principle of “No Bidding Without Safety, No Construction Without Safety and No Production Without Safety”, and took effective measures to ensure the smooth proceeding of overseas projects. In the first half of the year, DOC has made improvement in the contingency program for overseas emergency, established the overseas contingency communication network as well as the system of weekly safety reports. The company also comprehensively promoted the HSE passport management, and intensified management in certain areas such as HSE training, antiterrorism training, regular health check up and accident insurance, and the above programs have effectively ensured the safety and health of the working staffs.

　　Subjected to the global financial crisis, overseas markets are faced with severe situation and uncertainties in the future. Under the requirements of DOC, relevant departments gathered and analyzed the situation, came up with and carried out effective measures to eliminate or reduce the influence brought by the crisis and ensured the smooth operation of overseas projects.

　　In the first half of 2009, DOC took the Sudan project as a turning point, enhanced the communication and cooperation with Sudan Nile Company of CNPC. The company set up subsidiaries in Sudan and implemented an integral administration in the market development of Sudan, which marked the market development in Sudan has reached a new period. In the first half of the year, DOC has carried out 33 projects in Sudan, and realized a benefit of 45,778,000 USD, the market in Sudan showed an unprecedentedly bright future.

　　DOC’s market in Middle East has enormous potentialities and is continuously expanding. Daqing Oilfield Drilling Engineering Company strengthened the development in Iraq market and enhanced the communication with CNODC. On April 14th, the Company signed the contract and a startup was carried out smoothly for the integral service project of Al-Ahdab Oasis in Iraq which comprehended drilling, clean out, cementing, orientation well, coring and drilling fluid; Businesses of Water Supply Company such as water well drilling, car repair services saw a great progress in United Arab Emirates; Daqing Oilfield Drilling Engineering Company successfully carried out cementing projects in Oman as well; Daqing Oilfield Construction and Designing Institute, Power Pump Company Limited exported their products to Oman for consecutive years and established a good cooperation relationship with PDO of Oman. Pump products of Power Pump Company Limited also has an influence over countries like Saudi Arabia, Iran, Syria and received the order of trial product.

　　The market share in Mongolia is growing further. In the first half of the year, DOC has signed 12 contracts on integral service project of Tamtsag in Mongolia which comprehended services like geophysical prospecting, drilling, cementing, well logging, logging, transportation, capital construction, communication, with a total amount of 130 million USD. Businesses in all aspects showed a growth than ever, especially the Construction Group which signed 3 contracts with a total amount of 80,212,000 USD and made a great breakthrough.

　　Storage, Transportation and Sales Company, Down-hole Service Company and Well Logging Technology Service Company fully employed the advantages of the brand effect and geography in the surrounding areas of Daqing Oilfield and Jilin Oilfield, great efforts were made in the development of engineering service market, product sale market and social service market, and the domestic market share showed a steady growth by years.

　　6th August 2009  
　　Source: Daqing Oilfield Press