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KIOGE 2014: Jereh Boost for the Caspian Energy Market

Jereh Grou presented and showcased a cutting-edge coiled tubing unit and integrated oil & gas solutions at the 22nd Kazakhstan International Oil and Gas Exhibition

© prnewswire.com

ALMATY, Kazakhstan, Oct. 6, 2014 /PRNewswire/ -- Jereh Group (SZ002353) presented and showcased a cutting-edge coiled tubing unit and integrated oil & gas solutions at the 22nd Kazakhstan International Oil and Gas Exhibition (KIOGE) in Almaty from Sep. 30th to Oct. 3rd.

Now, Chinese oil and gas players have become increasingly active in the global market. Jereh, a leading private oil & gas equipment manufacturer and service provider, is among those companies. Mr. Forrest Wang, V.P. of Jereh Group, said, "There is a wealth of energy potential in the Caspian basins, including Azerbaijan, Kazakhstan and Turkmenistan. According to EIA, there are 48 billion barrels of oil and 292 trillion cubic feet of natural gas reserved. And the estimated undiscovered resources are also quite significant in the Caspian neighborhood. Supposing all the potential is fully developed, the Caspian region will definitely power the Eurasian Continent, or, even the world."

For the upstream E&P, Jereh has delivered over a hundred pieces of equipment to the Caspian area, including a cryogenic drilling rig, compressor unit, and cementing and coiled tubing unit. Jereh also provides solutions for gas processing including compression, purification, separation and liquefaction. By this July, 16 sets of high-power compressor packages are delivered to Kazakhstan for associated gas recovery, wet gas injection and lifting, showing Jereh's strong technology as the largest exporter of compressor packages in China. With accumulated experience of over 10 years and expertise from application both at home and aboard, Jereh will continually work side by side with customers to get the job done quicker and safer.

Eco-Efficiency is another focus of Jereh's solutions. The all-kind, one-stop waste management covering waste injection, oil-based mud or cuttings management and frac flowback fluid treatment have performed greatly in the global market, esp. in North America.

Learnt from Wang, the opening of Jereh subsidiary in Kazakhstan is under discussion in the hope of tapping more into this market and the neighboring area, which will boost energy cooperation between China and the Caspian countries.

About Jereh

Jereh group, headquartered in Yantai, China, is a worldwide leading company in oil & gas equipment manufacturing and services for drilling, completion, gas compression, liquefaction, fueling and oil & gas engineering services. Leveraging its strong R&D, high-quality production facilities and a global sales network, Jereh has served customers in over 60 countries.

For more information: www.jereh.com.

Contact:

Maya Shi

Tel.: +86-185-6112-1820

shihj@jereh.com

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