Sinopec unit inks deal for geothermals

May 26 2017 17:49:03

Sinopec unit inks deal for geothermals

Sinopec Oilfield Service Corp said on May 26 that its Turkish unit signed an engineering contract with GCL ND on geothermal power projects for $84.6 million.

The contract has a term of 30 months with a value of $84.6 million, and the work volume of the contract will cover 26 geothermal wells drilling on a lump sum basis, the company said in a statement.

Sinopec Shengli Oil Engineering Company Limited, a wholly-owned subsidiary of the Chinese company, will provide construction service under the contract, it added.

Services under the contract cover pre-drilling, drilling, wireline logging, mud logging, cementing, mud, direction and acidification, it said.

Materials including casing tube and its annex, drilling bit, mud and cement will be provided as well.

Sinopec Group ranked third in the Fortune Global 500 in 2014.

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant()

UEFA moves Beşiktaş – Maccabi Tel Aviv match from Istanbul: Report

Defense industry’s exports top $5.1 billion in 10 months

Over 1.5 million Britons visit tourism hotspot Antalya

Eight OPEC+ members extend oil supply cuts until year end

China to hash out major stimulus plan this week

IMF to begin delayed review of Egypt loan program: PM

Annual inflation slows to 15-month low of 48.6 pct in October

Türkiye's passenger car market slows down in October

WORLD

Iran arrests woman after solo university protest: Reports

Iranian authorities have arrested a female student after she stripped to her underwear outside her university in Iran in what some student and rights groups say was a protest against the country’s strict Islamic dress code, several reports said on Nov. 3.

ECONOMY

Defense industry’s exports top $5.1 billion in 10 months

The Turkish defense and aerospace industry’s export revenues amounted to $5.13 billion in January-October, marking a robust 18 percent increase from a year ago.

SPORTS

UEFA moves Beşiktaş – Maccabi Tel Aviv match from Istanbul: Report

UEFA has decided to relocate the match between Turkish club Beşiktaş and Israeli team Maccabi Tel Aviv, which was originally slated to take place in Istanbul on Nov. 28, local media reported on Nov. 4.