HBP wins bid for CNOOC Iraq's oilfield deacidification project

   On December 24, 2013, HBP received a notification of award from CNOOC Iraq Limited (CNOOC Iraq), confirming HBP as the successful bidder for CNOOC Iraq's Missan Oilfield deacidification project with a contract value of 31,431,657 US dollars (approximately 192 million yuan according to the renminbi's central parity rate of 6.1145 yuan per dollar in the interbank foreign exchange market on December 24, 2013).

    Founded on October 15, 2010, CNOOC Iraq is CNOOC Limited's indirect holding subsidiary mainly providing oil & gas exploration and development services in Iraq.