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        1. About HILONG

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          Beijing Oil Service

          Hilong Oil Service & Engineering Co., Ltd. (the “Company”), a company incorporated and valid existing under the law of China, an IADC member, a subsidiary of the Hilong Holding Limited which is listed on Hong Kong Stock Exchange on April 21st, 2011. The Company is committed to providing customers at home and abroad with oil engineering technologies and services. The Company is incorporated on July 2008 with a registered capital of RMB 80 million, with its headquartered is located in the core area of the Beijing Central Business District.
          As an IADC member, Hilong Oil Service & Engineering Co., Ltd. is focused on onshore drilling and workover engineering operations, oil engineering and technical services, and the export of casing pipes and other pipes all over the world.
          As an international drilling contractor, the Company is well versed in the oil and gas business and has been engaged in overseas operations for many years. At present, it has 22 drilling and workover rigs operating in Iraq, Ecuador, Nigeria, Oman, Pakistan, Malaysia and many other countries, providing high quality services for world-famous oil companies like Shell, BP, PAM, Andes, CNPC, UEPL, PPL, etc. The Company has also set up local subsidiaries and branches in many countries and regions.
          The onshore drilling and workover operations and engineering and technical services provided by the Company include directional drilling, horizontal drilling, cementing, drilling (completion) fluid, protection and transformation of oil and gas wells, oil equipment assembling and testing, the import and export of oil pipes and other oil equipment parts, among other services.
          The Company is divided into 12 departments with delineated functions: Market Development Center, Supply Chain Management Center, Equipment Management Center, Oil and Gas Technology Service Center (including Completion and Stimulation Technology Department), Human Resources Department, Legal Affairs Department, Finance and Operation Management Department, QHSE Department, Engineering Technology Management Department, Production Coordination Department, Trade Management Department. In line with actual need, the Company will consider establishing subsidiaries, branches, or project departments at home or abroad so as to achieve unified and efficient management.
           

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