Anton Oilfield Announces Strategic Framework & 2013 Strategy Update
Fast Growth in Revenue and Stable Profitability
Anton Oilfield will continue to develop new product services and explore new markets to achieve fast growth in revenue, and stable profitability through strengthened cost control and enhanced efficiency. In addition, the Group will utilize different debt financing channels including medium-term notes, supply chain financing and financial leasing to provide adequate sources of capital for the Group's business development.
Anton Oilfield Chairman, Mr. LUO Lin said, "In 2013, we will continue to strengthen the construction of regular service capacity, including pressure pumping in downhole operations and drilling services; further enhance our in-house capacity and cost competitiveness through R&D and investment in resource alignment; focus on forging strategic alliances from the market development perspective; and stick to our Talents First strategy to accomplish successful execution of our pre-defined strategy."
The presentation slides of the Company's strategic framework and 2013 strategy update is available at www.antonoil.com.
About Anton Oilfield Services GroupAnton Oilfield Services Group (HKEx stock code: 3337) is a leading independent oilfield services provider offering one-stop oil and gas field technical development services to oil companies. Its services and solutions span across the drilling technology, well completion, downhole operation, and oil production phases in the development cycle. Its fast growth benefits from the accelerated development of natural gas in China and the Group's increased presence in the overseas markets. At the same time, Anton Oilfield is committed to continuously strengthening its R&D capabilities and making additions to its talent reserves. The Group's strategic objective is to become a global oilfield services provider with a solid foothold in China. Anton Oilfield is headquartered in Beijing with sales offices and operations bases across China's major onshore oil and natural gas basins. The Group also has an international headquarters in Dubai with an extensive network across the Middle East, Central Asia, Africa, and Americas.
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