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. ↑ 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.

Template:Oil and gas companies of China

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Zhongman Petroleum and Natural Gas Group. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Zhongman_Petroleum_and_Natural_Gas_Group&oldid=4021845"