1. In March, Dongying Ruifeng Petroleum Technology Development Co., Ltd. successfully won the bid for the lower completion tool and service project of the CNOOC Shenzhen Branch Liuhua 16-2 Oilfield Group Development Project, and a total of 26 well completion tools for the Liuhua 16-2 Oilfield Group, which constitute one of our most lucrative projects for completion tool manufacturing and technical field service provider in the Shenzhen market.
This project is undoubtedly another testament of Ruifeng Petrotech's technical capabilities and service quality. This reaffirms Ruifeng Petrotech reputation in the oil and gas industry as a reputable petroleum services provider due to us promoting and ensuring good quality products and services.
2. At the end of March, the completion of the B…. well in Wenchang 19-1 oilfield of CNOOC Zhanjiang Branch, which was constructed by Ruifeng Company, was completed safely and smoothly, with significant completion effects and stable production conditions.
The tools used in this lower completion schematic, such as our ICD water control screen, ultra-light proppant gravel packing string, and subsurface safety valve were independently manufactured by Ruifeng Petrotech.
