Honghua Group secures $310.8 million in drilling rig contracts from Middle Eastern clients

Honghua Group secured two contracts worth a total of $310.8 million from two Middle Eastern clients: a $100 million contract with an oilfield service enterprise for desert fast-moving drilling rigs, and a deal exceeding $210.8 million with an oil enterprise for AI-enabled island cluster drilling rigs.

“Honghua secured two contracts worth a total of $310.8 million from two Middle Eastern clients.”rigzone.com

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• rigzone.comHonghua Secures $310MM Contracts in Middle East | RigzonePaul AndersonSep 23, 2025

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