Chinese oil services company joins IPO hopefuls

Oil services company Anton Oilfield hopes to raise $200 million from its IPO at a time when oil prices are trading above $90 per barrel.

Anton Oilfield Services Group, a Chinese oil services company, is planning to raise about $200 million in a Hong Kong initial public offering. Pre-marketing is underway and the institutional roadshow will be launched on November 26.

The company, which is commonly known as Antonoil, provides oilfield services primarily within the areas of drilling, field, production and wells. It specialises in services that demand new and advanced technologies û it currently holds 32 patents and has 46 applications pending û and...

To continue reading, please login or register for free

Click for more on: ipo | oil | oilfield services | citi

Print Edition

FinanceAsia Print Edition

CONFERENCES