HONG KONG, November 29, 2011 /PRNewswire-Asia/ -- Anton Oilfield Services Group ("Antonoil" or the "Group", stock code: 3337HK), the leading independent oilfield services provider in China, is delighted to announce it has been named this year's Directors Of The Year Awards winner in two categories - Listed Companies (SEHK- Non Hang Seng Index Constituents) Boards and Directors - by Hong Kong Institute of Directors today. The Directors Of The Year Awards (DYA) has been honoring listed companies for exemplary performance in corporate governance since 2001. The theme of this year's award, "Enhancing Director Professionalism through Board Self-Appraisal", aims to recognize individual directors and company boards who have demonstrated exceptional performance in self-appraisal.
The panel of judges of DYA 2011 said the board of Antonoil is composed of a mix of experts with diversified experience and reputable industry status. Their experience has been effectively leveraged in transforming the Group into a high-end technical services provider in the energy business. In addition to constantly striving for further improvement in the corporate governance standards, the commitment of the board of directors of Antonoil to corporate governance, R&D and human resources development for the industry has also been highly commended by the judges.
The judges have also praised Mr. Luo Lin, Executive Director of Antonoil, for his commitment to corporate governance. Mr. Luo, who is also Chairman and CEO of the Group, has worked closely with the board of directors in charting the Group's overall development strategies and monitoring management performance. Adding to that, Mr. Luo has played a crucial role in driving the Group's growth while not losing sight of internal controls and risk management. Under his vision and leadership, the Group has successfully transformed from a traditional tubular company to a high-end technical services provider in the oil and gas industry while supporting the R&D and talent development.
Commenting on the awards, Mr. Luo said, "Antonoil sees corporate governance as an important part of its drive towards internationalization and sustainable development. Through taking part in the self-appraisal for this award, the Group hopes to further enhance its overall corporate governance. Both the board and I are honored to have been presented the awards by the judges in recognition of our dedication to corporate governance. Looking forward, the board and I will continue to work towards enhancing the governance of the Group and lead it to becoming a world leader in oilfield services with its solid foothold in China, so as to create long term and stable returns for the shareholders and stakeholders of the Group."
About Anton Oilfield Services Group
Anton Oilfield Services Group (HKEx stock code: 3337) is a leading independent oilfield services provider specializing in high-end oil and gas field development technical services. Its services and solutions cut across the well completion, down-hole operations, and drilling technology services during the exploration and production process. Its fast growth benefits from the expanding natural gas development in China and the Group's increasing presence in the overseas markets. To realize its strategic objective as a world-leading oilfield services provider with a solid footprint in China, Antonoil is committed to continuously strengthening its R&D capabilities and adding its talents reserves to its 1,000+ staff.
Antonoil is headquartered in Beijing with over 14 sales offices and six operations bases across China's onshore basins. The Group also has an international headquarters in Dubai with an extensive network across the Middle East, Central Asia, Africa, and Americas.
About Directors Of The Year Awards
Directors Of The Year Awards was first launched in 2001, and it is the first such Awards ever organized in Asia. The objectives are to publicize the significance of good corporate governance and to recognize directors and board of directors for outstanding director practices and corporate governance. Nominations are open to the public and judged by clear and strict selection procedures.
The awards judge the individual director categories by considerations of the effectiveness in strategic corporate business functions, contribution to board effectiveness, contribution towards managing change, risk and succession, leadership and other attributes and qualities, etc. The awards judge the collective board category on a range of criteria, including board composition, skill mix and competencies of the directors, effectiveness in strategic corporate business functions, and development and implementation of strategic plans and monitoring of performance.
