Jereh Group Furthers Sino-brazilian Bilateral Energy Cooperation in the New Era

Nov 13, 2013, 08:00 ET from Yantai Jereh Oilfield Services Group Co., Ltd.

YANTAI, China, Nov. 13, 2013 /PRNewswire/ -- From Nov. 4 to 10, 2013, Brazilian Vice President Michel Temer paid an official visit to China, during which he agreed that the two emerging economies in the world will expand their bilateral cooperation in major fields in an active manner and hopes more Chinese enterprises make investment in Brazil under their active policy adjustments, promoting the economic growth and social development in the two countries.

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China and Brazil established their strategic partnership in 1993, and boosted the relationship to a comprehensive strategic partnership in 2012. Next year, the two countries will witness the 40th anniversary of the establishment of diplomatic relations.

Jereh Group is such a great-leap-forward developing company in promoting the Sino-Brazilian energy industry cooperation. Established in 1999, Jereh is committed to providing the most competitive turnkey solutions and integrated services for the global energy exploitation and development. There are 19 subsidiary companies with 4,200 employees working globally and the business covers well drilling, completion and stimulation equipment, natural gas transportation, liquefaction and fueling equipment and EPC services. Jereh has also established the R&D center and manufacturing base in Houston and worldwide sales and service centers in CIS countries, Middle East, Australia, South America, and more. Today, as Forbes China's "Best Public Enterprise" and a world leading oilfield equipment and service provider, Jereh is servicing customers in over 30 countries and regions and become a qualified supplier and strategic partner with world-renowned oil companies and service companies.

Brazil is also one of the core markets in Jereh's overseas expansion strategy. On October 25, BRT, 2013, Jereh held a conference in Rio de Janeiro to share the latest technologies in oil & gas equipment. The attendees were representatives from Consulate General of the People's Republic of China in Rio de Janeiro, IBP (Brazilian Petroleum Gas and Biofuels Institute), Rolls-Royce Company as well as Sonangol Starfish. In this event, Vice President Mr. Wang showed Jereh's leading technologies in design and manufacturing oil & gas equipment and positive corporate culture (Sincerity, Cooperation, To be the Best) to guests, including a special presentation of distinctive double three inspection of the quality management. Jereh also hopes to bring Brazilian customers its unique large projects financing services.

In addition, Jereh has a strong capability in compression equipment. One of its subsidiaries, Jereh Compression, is a high-tech enterprise integrated with engineering, manufacturing and sales of gas compression and transportation equipment, LNG production and fueling systems. It is the first authorized distributor and packager of ARIEL compressor in China, as well as the authorized packager of well-known compressor companies including GE, HOWDEN and LERIO.

What Jereh has done is well recognized by the attendees from the Chinese government and Brazilian partners. As the first Chinese Petroleum equipment manufacturing company visiting IBP, one of their representatives expressed the mature technology and vibrant team of Jereh will achieve brilliant results in the huge potential market. Consulate General of the People's Republic of China in Rio de Janeiro Mrs. Li also affirmed the Jereh's wide range of partnership channels in Brazil within a short period of time, and encouraged Jereh, as Chinese petroleum equipment leader, to bring more Chinese advanced equipment and technology to further China-brazil cooperation in petroleum equipment industry. The winning bid of ANP's post-salt operation in Brazil by CNPC and CNOOC is bound to boost a new round of closer bilateral cooperation in the field of oil exploration.

SOURCE Yantai Jereh Oilfield Services Group Co., Ltd.