Honghua subsidiary makes shale deal with Sinopec company

Honghua Group has said its Sichuan Honghua Electric subsidiary has entered into a strategic agreement with Sinopec’s East China Oil & Gas subsidiary regarding shale gas exploration.
By Staff reporter 19 June 2017 0 26427

Hong Kong-listed oilfield services provider Honghua Group has said its Sichuan Honghua Electric subsidiary has entered into a strategic cooperation agreement with Sinopec’s East China Oil & Gas subsidiary regarding shale gas exploration.

Honghua Electric will provide sales and chartering services for high-powered fracturing equipment to the Sinopec unit for projects in Pengshui in southeastern Chongqing.

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