Tongyuan Petroleum won the contract for early production measures and natural gas compressor services at an Algerian oil and gas field, worth over 897 million yuan
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Tongyuan Petroleum Wins Bid for Project Worth Over 897 Million Yuan; Major Breakthrough in Overseas Strategy 2025-10-16 Recently, Tongyuan Petroleum Technology Group Co., Ltd. issued a statement announcing that it had received a bid-winning notice for the “Unités EPF et compression de gaz (Early Production Measures for Oil and Gas Fields and Natural Gas Compressor Services)” project from Algeria’s Sonatrach SPA. The total winning bid amount is approximately 126 million US dollars (about 897 million RMB), with a contract duration of four years. Project Details: Project Name: Unités EPF et compression de gaz (Early production measures for oil and gas fields and natural gas compressor services). Tendering entity: Sonatrach SPA (Algerian oil company). Winning bidder: Tongyuan Petroleum Technology Group Co., Ltd. Project value: $104,646,960.00 and 2,762,755,600.00 Algerian dinars (in total approximately $126 million or 897 million RMB). Contract duration: 4 years. Project type: Oil field engineering services. The project will be carried out at the oil and gas fields owned by the client, with the aim of increasing oil and gas production and processing efficiency, thereby ensuring meeting the demands for oil and gas use and export. The scope of services includes civil engineering related to the construction of oil and gas facilities, as well as the installation, commissioning, operation, and maintenance of oil and gas recovery and compression equipment.
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