Anton Oilfield Appoints Non-Executive Director Corporate Governance Further Enhanced

Jan 21, 2013, 10:21 ET from Anton Oilfield Services Group

HONG KONG, Jan. 21, 2013 /PRNewswire/ -- Anton Oilfield Services Group ("Anton Oilfield" or the "Group", HKEx stock code: 3337), the leading independent oilfield services provider in China, is pleased to announce the appointment of Mr. Jean Francois Poupeau as a non-executive director of the Group, effective as of January 21, 2013.

With over 27 years of in-depth experience in oilfield services, Mr. Poupeau currently holds the position of Executive Vice President at Schlumberger Limited ("Schlumberger"), where he has taken various management positions.  Schlumberger is a minority shareholder of the Group and holds approximately 19.8% of the issued share capital of the Group as of the date of this release.

The Group is committed to the highest standards of corporate governance aimed at enhancing shareholders' value. The board has appointed Mr. Poupeau as chairman of the newly established QHSE Committee of the board tasked with providing guidance and advise on the quality, health, safety and environment ("QHSE") strategies of the Group to ensure that the quality of the Group's services meets the international standards. As a non-executive director, Mr. Poupeau will not be involved in the daily operations of the Group. The board believes that Mr. Poupeau's rich industry and management experience will help bring the world's leading standards in corporate governance and QHSE to the Group.

Mr. Poupeau said, "I am glad to join the board of directors of Anton Oilfield as a non-executive director of this oilfield services provider with vast growth potential in China. I look forward to working with the board and assist Anton Oilfield's management in business operations in support of Anton Oilfield's existing independent development strategy."

Anton Oilfield Chairman, Mr. LUO Lin, said, "On behalf of the board of directors of Anton Oilfield, I would like to extend a warm welcome to Mr. Poupeau as he joins the board and serves as chairman of the QHSE Committee. The addition of Mr. Poupeau will not only further enhance our corporate governance and QHSE management standards, but also strengthen our global branding and international market appeal. Meanwhile, we will maintain our operational independence and stay committed to becoming a global oilfield services provider with a solid foothold in China following our pre-defined strategy."

About Anton Oilfield Services Group

Anton Oilfield Services Group (HKEx stock code: 3337) is a leading independent oilfield services provider offering one-stop oil and gas field technical development services to oil companies. Its services and solutions span across the drilling technology, well completion, down-hole operation, and oil production phases in the development cycle. Its fast growth benefits from the accelerated development of natural gas in China and the Group's increased presence in the overseas markets. At the same time, Anton Oilfield is committed to continuously strengthening its R&D capabilities and making additions to its talent reserves. The Group's strategic objective is to become a global oilfield services provider with a solid foothold in China.

Anton Oilfield is headquartered in Beijing with sales offices and operations bases across China's major onshore oil and natural gas basins. The Group also has an international headquarters in Dubai with an extensive network across the Middle East, Central Asia, Africa, and Americas.

SOURCE Anton Oilfield Services Group