# Honghua Group signs $120M land drilling rig contract with UGV in Ukraine

Honghua Group's indirect wholly-owned subsidiary Sichuan Honghua signed a formal sales agreement with UGV, a subsidiary of Naftogaz of Ukraine, to sell several 70DBS land drilling rigs for about $120 million. The rigs are planned to serve in the Kharkiv region of Ukraine.

- Type: Contract
- Announced: 2018-02-06
- Where: Kharkiv region, Ukraine
- Value: $120.0M
- Status: announced
- Products: 70DBS land drilling rigs
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Honghua Group](https://endata.com/companies/18239.md)
- [Sichuan Honghua](https://endata.com/companies/18240.md)
- [UGV](https://endata.com/companies/18241.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/105832.html), 2018-02-07: "此次钻机销售也是中国造高端大型钻机第一次进入乌克兰市场"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.