Honghua energy storage

How much is Honghua rig worth?

China's Honghua Group, a leading global land drilling rig manufacturer under the Dongfang Electric Corporation, signed a contract with a large drilling company in the Middle East to deliver several sets of 3000HP artificial island cluster wells drilling rigs, with a total value of 1.5 billion yuan ($206.7 million) on July 16.

Who is Honghua Group Limited?

Honghua Group Limited is a large-scale equipment manufacturer and drilling service provider. It specializes in research, design, manufacture, and set-assembly of drilling rigs, offshore engineering, and oil & gas exploitation and production equipments.

When did Honghua Group go public?

Launched its IPO in March 2008, Honghua (HKEx 0196) became the first drilling rig manufacturer of China to go public. It is the biggest exporter of drilling rigs in China, and one of the largest land drilling rig manufacturers in the world.

What does Honghua export?

Honghua exports labor service exporting, among other businesses. Simultaneously making use of sales network and channels globally, Honghua markets a broad range of businesses, comprised of land drilling rigs, spare parts, offshore equipment, non-drilling products, non-oil products, outsourcing, labor service exporting, etc. Manufacture of Land Drilling Equipments

What are Honghua's EPC capabilities?

Honghua Offshore is among the mere few that are armed with EPC capabilities in the world. Honghua has a capacity of manufacturing 120 drilling rigs and 500 mud pumps per year.

What are the locations of Honghua Group's manufacturing bases?

Honghua Group has positioned its land and offshore equipment manufacturing bases in Guanghan, Sichuan and Qidong, Jiangsu respectively. Headquartered in Chengdu, Sichuan, the group also operates through more than ten subsidiaries and agencies with four ancillary and maintenance service centers.