[Saipem wins $1.25 billion onshore and offshore contracts in Middle East]Saipem has secured US$1.25 billion worth of onshore and offshore contracts in the Middle East. The first group deals with the extension of onshore drilling contracts in the Middle East with a total value of approximately US$600 million. The award relates to a ten-year extension of existing contracts for four onshore drilling rigs located in the Middle East. Editor/Xing Wentao
In October 2026, China Petroleum Bohai Drilling completed the coring construction of the Luqian 5 well in the Xujiahe Formation, with a depth exceeding 4000 meters and a core recovery rate of 99.7%, breaking the record for the deepest coring well in the block.Editor/Gao Xue
LSHEC has won the EPC project for the treatment of fluorine-containing wastewater in western Qinghai, and has added defluorination equipment to the backend of the original wastewater treatment process, along with an online monitoring system to stabilize water quality control. The enterprise will coordinate the entire process construction, ensure the standard recycling of sewage, and help the enterprise achieve green and low-carbon transformation. Editor/Min Jing