Joins Ranks of Leading International Oil and Gas Equipment Manufacturers
HONG KONG, Nov. 2, 2011 /PRNewswire-Asia/ -- Jutal Offshore Oil Services Limited ("Jutal Oil Services" or the "Group"; HKEx stock code: 3303), a leading Chinese integrated engineering, fabrication and technical services provider in the oil and gas industry, today announced that it has completed the construction and delivery of the Group's first undersea manifold device.
The undersea manifold device is a connection manifold and part of the undersea oil extraction system. It is to be used in the oil and gas projects in the South China Sea. As the manufacturing of this undersea manifold device requires high quality materials, techniques, technologies and management, only first-class international oil and gas equipment manufacturers have had the capacity to produce the device. Thus, the smooth delivery of the device underscores the fact that the Group has become the first company in China capable of manufacturing an undersea device on its own and that its integrated manufacturing capacity for oil and gas equipment has achieved world-class standards.
Mr. Wang Lishan, Chairman of Jutal Oil Services said, "China's Twelfth Five-Year Plan states that the country will strengthen the development of oil and gas resources in the South China Sea. Thus, the offshore oil and gas development in China is gradually expanding to deepwater areas. Unlike shallow water areas with fixed platforms, deepwater oil extraction mainly entails undersea oil extraction techniques and equipment. In the currently expanding deepwater oil and gas market, the Group will capture the opportunities to integrate our technological advantages to focus on our undersea equipment manufacturing business in the offshore engineering field. Undersea equipment production is the starting point for us to expand into the international high-end manufacturing sector. The Group has successfully built up good relationships with renowned overseas enterprises strong in global deepwater oil engineering and form a solid foundation to enhance its capacity of manufacturing the core undersea equipments."
Jutal offshore Oil Services Limited
Jutal Offshore Oil Services Limited (Jutal Oil Services), founded in 1995, is an integrated provider of oil, gas and water processing equipments, offshore engineering and technical services to oil and gas industry, and world-class engineering and professional technical services to shipbuilding industries. Jutal Oil Services has a team of experienced professional staffs well acquainted with international regulations and standards. Through continuous improvement and extension of its integrated capabilities, it initially finished its strategic establishment in Shenzhen, Tianjin, Zhuhai, Dailian and overseas. For more information, please visit http://www.jutal.com
