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ENERGY & UTILITIES | Oil & Gas Production & Exploration

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Stage

IPO | IPO

Date of IPO

11/3/2010

About International Petroleum Services Corporation Ltd.

Provider of enhanced oil recovery (EOR) services in China. The company provides EOR services to oil companies in China using patented lateral hydraulic drilling (LHD) and molecular deposition film (MDF) technologies. Technical services are also provided to coalbed methane (CBM) customers using the LHD technology. The LHD services increase crude oil or methane gas output by using a high pressure water jet to drill horizontal holes in multiple directions from an existing vertical well to the surrounding reservoirs, thereby increasing the quantity of the flow of oil and methane gas. The MDF technology increases oil recovery from mature wells by displacing the residual oil that adheres to sedimentary rock or sand in the oil reservoir. When the MDF chemical solution is injected into the reservoir and encounters the oily sand, it creates a thin film that separates crude oil from sand content, thereby enabling the oil to flow more freely and to be extracted by the oil pump.

International Petroleum Services Corporation Ltd. Headquarter Location

3/F, 19 Ronghua South Road Beijing Econ-Tech Development Area

Beijing, 100176,

China

86 10 8712 5555

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