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Jereh begins supplying PDVSA with oilfield equipment and support

27th June 2014

On 12 June, Jereh sent the first shipment of more than 400 sets of cementing and coiled tubing units to Colombia’s Petroleos de Venezuela SA (PDVSA), with the rest due for delivery by September

Jereh begins supplying PDVSA with oilfield equipment and support
This contract is valued at around USD 190m

Signed in January 2013, 970 sets of oilfield equipment, including cementing, acidising, coiled tubing, and nitrogen were ordered for PDVSA's first oil and gas service business. This project greatly enhances the market recognition of Chinese oil and gas equipment in South America, laying a solid foundation for in-depth business development.

This contract is valued at around USD 190m.

“Besides the 400 sets, Jereh’s training team, more than 30 executives, technical and after-sales engineers, will be there for three months professional training to ensure the operation and maintenance,” said Jim Wang, Jereh- PDVSA project leader.

Jereh will continue localisation to improve services in Latin America by establishing subsidiaries, offices and spare warehouse, thereby strengthening the after-sales system in Venezuela, Mexico, Brazil, Colombia, and Argentina. Jereh’s American research and development centre in Houston will also provide technical support.

“PDVSA announced this year that there will be USD 24bn investment to increase oil and gas exploration and more cooperation with big oilfield service companies,” said a senior analyst. “As the world's largest stimulation and completion equipment manufacturer, Jereh has been a model of Sino- Venezuela cooperation, which has great significance for the future win-win development.”

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