Brief introduction of Great Wall Drilling Company (GWDC)

Great Wall Drilling Company is a state-owned enterprise engaged in international drilling (workover) engineering construction and related technical services, which belongs to PetroChina International Engineering Co., Ltd., a subsidiary of China Petroleum and Natural Gas Corporation. The company was established in 1993, registered in Xicheng District, Beijing, and is now located at No.6 Liubaokang Street, Xicheng District, Beijing.

The company is mainly engaged in international drilling engineering and related professional engineering and technical services, and has the right to operate abroad. At present, there are thirteen departments, one room and one branch in China, namely: Market Development Department I (America), Market Development Department II (Middle East and Southeast Asia), Market Development Department III (Africa and Central Asia), Operation Department, Management Department, Engineering Department, Contract Law Department, Financial Assets Department, Audit Department, HSE Department, Equipment Department, Top Drive Management Department and Party-Mass Work Department. There are three joint venture subsidiaries registered abroad, namely, China-Kazakhstan Great Wall Drilling Company, China-Canada Qianjin Drilling Company and China-Egypt Drilling Company. There are 350 employees in our headquarters, including 100 regular employees and 250 employees. There are 288 people with college education or above, accounting for 82% of the total employees (32 graduate students), and 228 people with senior technical titles, accounting for 65% of the total employees.

The positioning of the company is: a specialized company focusing on overseas market development and project management, giving full play to the overall advantages of the group company, taking all drilling (workover) teams of the group company as resources, and integrating coordination, unification, market development and project management. Great Wall Drilling Company currently provides drilling (workover) and related technical services to 36 famous oil companies around the world, including Esso, Shell, Amoco, Akeep, Venezuela National Oil Company, Qatar National Oil Company, Pakistan National Oil Company, Iran National Oil Company, Great Nile (Sudan) Oil Operation Company and Akeep Egypt Company.

In the cooperation with the above-mentioned owners, the owners spoke highly of our sincere cooperation and high-quality and efficient service. While winning a good reputation, they have also established their own brands in the international market. At present, the company's overseas business is distributed in 22 countries, including Sudan, Egypt, Iran, Kazakhstan, Venezuela, Mexico, Indonesia, Pakistan, Yemen, Uzbekistan, Thailand, Canada, Saudi Arabia, Nigeria, Oman, Libya, Peru, Iraq and Azerbaijan. Up to now, the company has taken out all kinds of drilling (repairing) machines 100, and the company has fixed assets. Since the reorganization of 200 1, the accumulated contract amount is about 600 million US dollars, the completed contract amount is about 500 million US dollars, and the operating income is about 390 million US dollars, which has remarkable economic benefits.