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Oilfield engineering and Consultancy services

During the year under review, the turnover of Petro-king Group is HK$382,408,000 (2009: HK$212,289,000).The turnover in current year increased by 80%. Petro-king Group has maintained very good relationship with its existing customers.It is engaged in complex oilfields services and the competition for high-end oil exploration technology is not very keen in China, therefore it is able to increase its business.

Our major customers have acquired several massive overseas oil reserves,therefore the demand for experienced oilfield engineering and consultancy services have upsurged substantially.Petro-king Group have the technical knowhow to provide the comprehensive oilfield development design and consultancy services. These fundamental consultancy work have paved the way for more related oilfield project development works in future.

Whereas the domestic market was slacken due to the major customers have shifted their focus to newly acquired overseas oil reserves. Petro-king Group have strengthened its technical communication with domestic customers customers.This will improve potential business opportunities for domestic market in coming years.