Hong Kong-listed Honghua is moulding itself into a unique provider of an integrated slate of products and services, building on its established land-rig manufacturing business.
"We expect the offshore business to be just as strong as our land-drilling business in terms of sales revenue – and even possibly exceeding it – within three to five years," Honghua chief executive Zhang Mi told Upstream on the sidelines of the Offshore Technology Conference in Houston on Wednesday.
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