This oil sands mine production capacity construction drilling project has opened a milestone in the cooperation between the two parties and is expected to bring new development to oil sands mining. Through this cooperation, Zhengtong Company and Genting Company will work together to improve the level of oil sand drilling and mining technology and achieve efficient and sustainable development of mineral production capacity.

Bao Mingkui said that Zhengtong Company’s rich experience in oil sands drilling technology and construction offers one-stop service capabilities from drilling, directional wells, cementing to fracturing measures to increase production and increase oil. Zhengtong Company will strictly implement Party A's various standards and requirements, strengthen on-site organization and management measures, and build the Genting oil sands mine project into a high-quality project that meets client satisfaction and provides reliable outcomes.

Genting (Xinjiang) Oil and Gas Development Co., Ltd. was established in 2022 and is located in Tacheng, Xinjiang Uygur Autonomous Region. It is mainly engaged in the oil and natural gas exploration industry, with a registered capital of 250 million CNY.