According to the framework of the strategic partnership, Antonoil is the exclusive partner to Magcobar in designated areas.
Antonoil chairman and CEO LUO Lin said the company has been seeking to strengthen its integrated services capabilities in the drilling segment.
"Our strategic partnership with Magcobar, which uses M-I SWACO’s products and technologies to supply drilling fluids, will have positive effects in realizing the Group’s integrated strategy," Lin said.
Antonoil is an oilfield services provider specializing in high-end oil and gas field development technical services.
