(EnergyAsia, June 20 2014, Friday) — US-based FTS International (FTSI) said it has signed a 15-year joint venture agreement with state-owned Sinopec Group to supply its oilfield services and hydraulic stimulation expertise to China, initially focusing on shale-rich Sichuan province. The China-incorporated SinoFTS Petroleum Services Ltd, 55% owned by Sinopec and 45% by FTSI, will…
CHINA: FTS International to supply fracking expertise and services through 15-year JV company with Sinopec
Posted on June 20, 2014 by EnergyAsia