Zhongman Petroleum and Natural Gas Group

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. ^ a b "ZPNG Wins USD23 Million Gas Drilling Project in Pakistan". Yicai Global. April 9, 2018.
  2. ^ "Companies". Sequoia Capital.
  3. ^ "Gazprom Neft in talks with China's ZPEC over east Siberian oil fields project - sources". Reuters. December 19, 2017.
  4. ^ "Iraq approves $526 mln drilling deal for West Qurna oilfield". Reuters. May 20, 2015.