# Sichuan Honghua signs over 1.5 billion yuan smart drilling rig deal with Middle East client

Sichuan Honghua Petroleum Equipment Co., a subsidiary of Honghua Group, signed a sales agreement worth over 1.5 billion yuan with a Middle Eastern client on May 23, 2025, for multiple sets of artificial island cluster well smart drilling rigs.

- Type: Contract
- Announced: 2025-05-27
- Where: China
- Value: $210.0M (1.50B CNY)
- Status: announced
- Products: artificial island cluster well smart drilling rigs
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Honghua Group](https://endata.com/companies/18239.md)
- [Sichuan Honghua Petroleum Equipment](https://endata.com/companies/72475.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1298137.html), 2025-05-27: "公司附属公司四川宏华石油设备有限公司与中东客户于2025年5月23日签署合计金额超15亿人民币的智能钻机销售协议。"

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