Equipment & Product Sales

SALE OF FOUR (4) HELI-TRASPORTABLE DRILLING RIGS FOR HRT IN BRAZIL

Partner Company:
Customer:
Location:
Dates:

Honghua Group, Rongsheng Machinery, Swaco, and Maeda
HRT Oil & Gas
Amazonia State, Brazil
Contract signed on September 15, 2011; rigs shipped from Shanghai in December of 2012.

Project Summary:

Sale of four 1500HP VFD heli-transportable land drilling rig
For drilling up to 4,000 meter depth
Maximum weight of load 3,000 Kilos for transportation
For operation in Solimões Basin
Design, engineering, and manufacture in China
Training, testing and commissioning on site in Brazil
Contract Amount: $60 million USD

SALE OF FIRST HELI-TRASPORTABLE DRILLING RIGS FOR BRAZIL

Partner Company:
Customer:
Location:
Dates:

Honghua Group, Rongsheng Machinery, Derrick, Yong Ji, and Maeda
QGOG
Amazonia State, Brazil
Contract Signed: Jul/29/2010 to be shipped from Shanghai Feb/6/2011

Project Summary:

Sale of three 1500HP VFD heli-transporable land drilling rig
Maximum weight of load 2,500 Kilos for transportation
Two for contract To HRT Oil & Gas and one for Petrobras
Design, engineering, and manufacture in China
Training, testing and commissioning on site in Brazil
Contract Amount: $38 million USD

SALE OF FIRST CHINESE MADE DRILLING RIGS FOR BRAZIL

Partner Company:
Customer:
Location:
Dates:

Sichuan Honghua Petroleum Equipment Co., Ltd.
QGOG
Amazonia State, Brazil
Contract Signed Sep/25/2007, Rigs commissioned on Site: August/15, 2008

Project Summary:

Sale of two 2000HP VFD land Rigs for Contract to Petrobras
Design, engineering, and manufacture in China.
Training, testing and commissioning on site in Brazil
Contract Amount: $25 Millions USD

SALE OF FIRST CHINESE MADE BOP SYSTEMS FOR BRAZIL

Partner Company:
Customer:
Location:
Dates:

Rongsheng Machinery Manufacturing Co Ltd.
QGOG
Amazonia State, Brazil
2007

Project Summary:

Sale of Two complete BOP Stacks with control panels for 2000HP Land Rigs
Design, engineering, and manufacture in China
Training, testing and commissioning on site in Brazil
Contract Amount: $1.2 million USD

SALE OF LAND DRILLING RIG FOR PEMEX

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Customer:
Location:
Dates:

RG Petro – Machinery (Group) Co., Ltd.
PEMEX Drilling – Northern Region
Veracruz, Mexico
December, 2004

Project Summary:

Sale of complete trailer mounted 750HP drilling rig
Design, engineering, and manufacture in China.
Training, testing and commissioning on site in Mexico
5 Million U.S. sale

SALE OF SEISMIC EQUIPMENT FOR MEXICO PROJECT

Partner Company:
Customer:
Location:
Dates:

Input-Output, Inc.
BGP International, Inc.
China
October, 2003

Project Summary:

Sale of 2 complete seismic acquisition systems
12 Million U.S. sale
Equipment sold to BGP for use in PEMEX Contract in Northern Mexico