Great Wall Secures $100M Oman Oil Contract
The Chinese company Great Wall secured a contract valued at over $100 million to carry out oil drilling operations in Oman for the Indonesian company Medco Energy. The five-year contract includes drilling a well in the small Kareem fields using standardized, rapidly transportable drilling rigs, along with health, safety, and environmental management systems, all relying on equipment manufactured in China. This step comes as part of Medco Energy's efforts to develop oil fields, having produced more than 110 million barrels over two decades and participated in drilling over 500 wells to support production and improve operational efficiency.
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