chinese-oil-services-company-joins-ipo-hopefuls

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.

November 21, 2007

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 which complement the oilfield services provided by the three state-owned oil corporations, namely China National Petroleum Corporation CNPC, which is the parent of Hong Kong-listed PetroChina China Petroleum Chemical Corporation Sinopec and CNOOC...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 1 article per month from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222