Antonoil Wins Bid Again for Coiled Tubing Acidizing Service Project in Southern Iraq

HONG KONG, June 17, 2014 /PRNewswire/ -- Anton Oilfield Services Group ("Antonoil" or the "Group", HKEx stock code: 3337), the leading independent oilfield services provider in China announces that it has received a letter of award today that awards a stimulation project in Iraq to the Group. The project, which is located in southern Iraq, involves the application of coiled tubing acidizing technology for stimulation, at a contract value of around US$9.5 million for an effective period of two years. Antonoil has been operating in this project with a previous award, and the winning of this bid extends the Group's service with a larger contract size.

The winning of the bid shows Antonoil's coiled tubing service in Iraq is backed by steady and sustainable work volume, and also demonstrates sound growth momentum.

About Anton Oilfield Services Group

Anton Oilfield Services Group (HKEx stock code: 3337) is a leading independent integrated oilfield services provider. The Group provides products and services for the entire process of oil and gas development and production, including reservoir management, drilling technology, well completion, down-hole operations, oil production as well as tubular service. With its comprehensive product lines and integrated service capacity, the Group is empowered to help oil companies solve their challenges of increasing production, improving drilling efficiency, lowering costs and optimizing waste management. Its fast growth benefits from the accelerating development of natural gas in China and the Group's increased presence in the overseas markets. The Group's strategic objective is to become a leading global oilfield services provider with a solid foothold in China.

The Group is headquartered in Beijing and has established an international network across China and overseas markets. In China, the markets cover the Tarim area, Erdos area, Southwest area and other areas of China, whereas, the overseas markets include Iraq and other Middle East market, Central Asia and Africa market and the Americas market. Antonoil is the best independent Chinese oilfield services partner, the best Chinese partner worldwide.