On September 30, 2021, Zhongman Petroleum and Natural Gas Group Corp. Ltd. (ZPEC) successfully signed another driling contract with Saudi Arabian Oil Company (Saudi Aramco) for providing workover services worth an estimated contract value of 49.8M USD (~322M RMB).

This is the first workover project for ZPEC in the Saudi Market, but the second drilling contract which ZPEC signed with Saudi Aramco this year, which was 6 months earlier on March 28 with value of 120M USD (~787M RMB) .

Saudi Aramco is the world's largest oil and gas company with its business covering the whole world. It is mainly engaged in oil exploration, development, production, refining, transportation and sales, with the world's largest onshore and offshore oil fields. As the biggest oil and gas giant, Saudi Aramco has abundant oil and gas resources, much higher than other international oil and gas giants. By 2019, its crude oil proven reserves were 198.569 billion barrels, gas proven reserves of 190.58 trillion cubic feet, and total oil and gas reserves of 256.055 billion barrels of oil equivalent.  (Miss Qiu Mengqi)