Company:ZPEC

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The Zhongman Petroleum and Natural Gas Group (or ZPEC) is a Chinese oilfield services company.

History

The company was founded in 2003.[1] The company received backing from Sequoia Capital.[2]

Reuters in December 2017 reported the company was in talks with Gazprom Neft to take a stake in the Chonsk oil fields development project in Siberia.[3]

Projects

  •  Iraq - Awarded by Iraqi government a $526.6 million drilling deal for drilling of 66 production oil wells at the West Qurna Two oilfield[4]
  •  Pakistan - Awarded by Pakistan Petroleum a US$23 million drilling project in Pakistan in 2018.[1]

References

  1. ↑ 1.0 1.1 "ZPNG Wins USD23 Million Gas Drilling Project in Pakistan". Yicai Global. April 9, 2018. https://www.yicaiglobal.com/news/zpng-wins-usd23-million-gas-drilling-project-pakistan. 
  2. ↑ "Companies". Sequoia Capital. https://www.sequoiacap.com/companies/zhongman. 
  3. ↑ "Gazprom Neft in talks with China's ZPEC over east Siberian oil fields project - sources". Reuters. December 19, 2017. https://www.reuters.com/article/uk-russia-china-oil/gazprom-neft-in-talks-with-chinas-zpec-over-east-siberian-oil-fields-project-sources-idUSKBN1ED1VN. 
  4. ↑ "Iraq approves $526 mln drilling deal for West Qurna oilfield". Reuters. May 20, 2015. https://www.reuters.com/article/iraq-energy-west-qurna/iraq-approves-526-mln-drilling-deal-for-west-qurna-oilfield-idUSL5N0YA4RN20150519. 




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