Recently, the Russian branch of ZPEC won a new order for drilling engineering services in the Novatek Yamal region. The total contract value is 1.14 billion rubles, or about 103 million yuan (~USD 16.1M). This is the largest single drilling service order that Chinese companies have obtained in the Russian drilling market since the epidemic. 

ZPEC is a comprehensive private oil and gas listed company with the vision of creating a multinational energy company. Its business scope covers oil and gas exploration and development, integrated drilling and completion engineering services, and high-end petroleum equipment manufacturing. Mr. Li Chundi, the chairman of ZPEC, said that Sino-Russian cooperation in the energy sector is becoming closer and that ZPEC will continue to deepen the Russian drilling market and choose opportunities to enter the polar drilling field with a higher degree of difficulty.

Since entering the Russian market in 2017, ZPEC has successively provided well-known oil companies such as Rosneft, Nord Oil & Gas, and Novatek with drilling engineering services. ZPEC Drilling teams have given full play to the spirit of "Hard work dare to win", always puts the interests of customers first, and have won the trust of customers with its efficient drilling and completion operation period and good engineering quality. After years of drilling practice, the company's drilling teams have gradually overcome a series of technical problems, such as equipment insulation and permafrost drilling, and has accumulated valuable drilling experience in polar regions.