Sinopec Oil Service (01033) issued an announcement. Recently, Sinopec Petroleum Engineering Technology Service Co., Ltd. is a wholly-owned subsidiary...
Zhitong Finance App News, Sinopec Oil Service (01033) issued an announcement. Recently, Sinopec Petroleum Engineering & Construction Co., Ltd., a wholly-owned subsidiary of Sinopec Petroleum Engineering Technology Service Co., Ltd., won the bid for the Chuan-Chongqing E section (Tongliang-Qianjiang) construction general contracting section 1, section 3 and section 4 projects of the China National Petroleum Pipeline Network Group Co., Ltd., with a bid amount of RMB 3.378 billion, accounting for about 4.22% of the company's 2023 operating revenue under China's accounting standards.
The total length of the Bid Section 1, Section 3 and Section 4 lines won the bid by the company is 592.8 kilometers, and there are several construction projects such as stations, valve chambers, directional drilling, and crossing along the route. Currently, the relevant parties have not formally signed a contract, and there is still uncertainty about the project. Investors are kindly requested to pay attention to investment risks.