PetroChina Oilfield Services: Plans to acquire 50% of Mexico's DS company for $4 million and increase investment by $212 million.

Shenghua Oilfield Services announced that its wholly-owned subsidiary, Guogong Company, along with Guogong Mexico, intends to acquire a 50% stake in Mexico DS Company held by DIAVAZ and a 0.01% interest in the EBANO project held by D&S Company for USD 4 million. Upon completion of the acquisition, Guogong Company will hold 100% ownership of Mexico DS Company and will indirectly acquire a 55% interest in the EBANO project. There are plans for an additional investment of up to USD 212 million in the EBANO project. This transaction has been approved by the board of directors but is subject to approval by the shareholders' meeting and the fulfillment of various closing conditions.