WUXI, China, Jan. 29 /Xinhua-PRNewswire-FirstCall/ -- WSP Holdings Limited (NYSE: WH) ("WSP Holdings" or the "Company"), a leading Chinese manufacturer of seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction, which are referred to as Oil Country Tubular Goods ("OCTG"), today announced that it was awarded "AAA" grade supplier certification by Daqing Oilfield Materials and Equipment Group, which primarily engages in the procurement of production materials and equipment for Daqing Oilfield Company Limited ("Daqing Oilfield").
Daqing Oilfield is a subsidiary of PetroChina Company Limited ("PetroChina"), the largest oil and natural gas producer in China, and owns and operates PetroChina's largest oilfield. WSP Holdings' subsidiary, Wuxi Seamless Oil Pipes Company Limited ("WSP China"), has established relationship with Daqing Oilfield since WSP China's inception. The award of "AAA" grade supplier certification affirms the high value Daqing Oilfield places on its relationship with WSP Holdings.
"We are pleased to receive this prestigious certification, which means our products and services meet the high standards set by Daqing Oilfield for a qualified supplier," said Mr. Longhua Piao, Chairman and CEO of WSP Holdings. "This certification awarded by Daqing Oilfield Materials and Equipment Group demonstrates the strong relationship we have with a high profile client. We hope this certification will contribute to our efforts to increase domestic sales and develop a larger market share in the domestic, as well as international OCTG markets."
About WSP Holdings Limited
WSP Holdings develops and manufactures seamless Oil Country Tubular Goods (OCTG), including casing, tubing and drill pipes used for on-shore and
off-shore oil and gas exploration, drilling and extraction. Founded as WSP China in 1999, the Company offers a wide range of API and non-API seamless OCTG products, including products that are used in extreme drilling and extraction conditions. The Company's products are used in China's major oilfields and are exported to oil producing regions throughout the world.
Safe Harbor Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to develop and market new products, the ability to access capital for expansion, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, changes in relationships with customers, changes in principal product profits and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to update or revise to the public any forward-looking statements, whether as a result of new information, future events or otherwise. This press release was developed by WSP Holdings, and is intended solely for informational purposes and is not to be construed as an offer or solicitation of an offer to buy or sell the Company's stock. This press release is based upon information available to the public, as well as other information from sources which management believes to be reliable, but it is not guaranteed by WSP Holdings to be accurate, nor does WSP Holdings purport it to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice.
For more information, please contact:
Mr. Thi Yip Kok, Chief Financial Officer
WSP Holdings Limited
Tel: +86-510-8536-0401
Email: info@wsphl.com
Mr. Crocker Coulson, President
CCG Elite Investor Relations, Inc.
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
