Countries invest in drilling operations
Jereh Co. are optimistic about the future of drilling operations
More and more Middle Eastern countries are investing heaily in their drilling operations for their upstream hydrocarbons industries, according to Jereh International.
It is expected that there will be increasing demand for well stimulation operations in 2014 and beyond, which means that there will be far more business opportunities available for Jereh International’s drilling and stimulation equipment.
As such, Jereh International expect that the annual revenue of their overseas business will constitute 60% of the group’s total income within three years.
The company is currently working on the Turkish BOTAS underground gas storage project. The underground gas storage in Lake Tuz, located 200km away from Ankara, is a major storage center for gas supplies from Russia to Europe and is also Turkey’s first underground gas storage facility for peak shaving in winter.
Jereh International believes that this project will further improve cooperation between China and Turkey.
The company has provided high power reciprocating compressor packages and drilling rigs for this project. As China’s largest power compressing package, it shows Jereh’s strong design and manufacturing capability.
Jereh is an international public listed company whose core business is comprised of oil & gas equipment manufacturing, engineering services, and oil & gas EPC services.
Jereh has established a branch in Dubai’s Jebel Ali Free Zone, and are now working on a new 300 square metre workshop in the emirate. This after-sales service and spare parts supplying centre will serve the company’s customers throughout the Middle East.
Jereh group was founded in 1999 and is headquartered in Yantai, China. The company is committed to providing integrated solutions for oilfield equipment and services for oil & gas drilling, well intervention, completion, natural gas transportation, liquefaction, fueling, environmental control and EPC services.