China Gengsheng Wins Fracture Proppant Contract for PetroChina's Changquing
China Gengsheng has won a supply contract for fracture proppants with PetroChina's Changqing oil field. The total value of the contract is $5.5 million (RMB 37.6 million). Gengsheng is scheduled to start shipping immediately.
Fracture proppants are light, bauxite-based, grain-like materials that have a round and smooth surface and a quality of resisting high pressure and acid corrosion. They are used by oil and gas drillers to extract pockets of oil and natural gas scattered underground.
According to PetroChina's English-language Website, in 2007, PetroChina's Changqing Oil and Gas Province ("Changqing"), located at the Ordos Basin in Northwest China, produced 12 million tons of crude oil and 11 billion cubic meters of natural gas, making Changqing China's third-largest onshore oil and gas field.
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