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The Ministry of Land and Resources announced on November 20th, 2015 the Xinjiang Oil and Natural Gas Exploration Block Bidding Project (2015) (Project No. GT2015YQKCQKCR0001) As a result, after reviewed by the bid evaluation expert group, Haicheng Petroleum Machinery Manufacturing Co., Ltd. won the bid for the Gongliu block in the Yili Basin, Xinjiang.

The exploration block bidding transfer project (2015) announced that the transfer blocks are the Burqin area of the Burqin Basin in Xinjiang, the Gongliu area in the Yili Basin of Xinjiang, the Kepingbei area of the Tarim Basin in Xinjiang, the Kashshule area of the Tarim Basin in Xinjiang, and Xinjiang, which are 5 blocks in total including the Yumin area in the Tacheng Basin (hereinafter referred to as the Burqin Block, Gongliu Block, Keping Block, Shule Block, and Yumin Block). Five oil and gas exploration blocks are open to public bidding, marking the end of the long-term monopoly of oil and gas exploration and exploitation by state-owned oil companies in my country.

Our country's oil and gas exploration and exploitation system is relatively closed. Only four state-owned enterprises, namely CNPC, Sinopec, CNOOC, and Yanchang Petroleum, have the qualifications for oil and gas exploration. Naturally, competition is not sufficient and the investment of enterprises is limited. However, our country's resource consumption has grown substantially, and its dependence on foreign countries has been rising year by year. In order to ensure domestic oil and gas supply, Xinjiang has opened up five oil and gas exploration blocks for the first time, which means that the reform of the upstream oil and gas field has broken the ice.

The area of the oil and gas exploration rights in the Gongliu area of the Yili Basin, Xinjiang is 1,596.678 km², and the prospecting rights are for 3 years. The Gongliu oil and gas exploration rights area is located in the middle of the Yili area, on the south side of the upper reaches of the Yili River, the lower reaches of the Tekes River, with the Nalati Mountain and the Yishiglik Mountain in the south, and the Yili River in the north.

The bidding for the Xinjiang block has attracted the participation of many well-known domestic companies, including CNPC, Beijing Energy Investment (Group) Co., Ltd., Intercontinental Oil and Gas Co., Ltd., Shandong Baomo Biochemical Co., Ltd., Xinjiang Energy (Group) Co., Ltd., Qianneng Hengxin Energy Technology Co., Ltd., Mido Energy Group Co., Ltd., Linzhou Heavy Machinery Group Co., Ltd., Shenneng Co., LTD and more than 40 units. It could be said that there were many strong players and fierce competition. .

As a senior company in the petroleum industry, HPMM Group is willing to take responsibility for the country and be a pioneer in the "ice-breaking journey" of our country's oil and gas exploration system reform. Since the Ministry of Land and Resources conducted an online public bidding announcement for the Xinjiang block, HPMM Group Chairman Wang Zhengquan attached great importance to this and instructed Beijing Wanxin Energy Investment Co., Ltd. to handle the bidding.

Beijing Wanxin Energy Investment Co., Ltd., with the strong support of the leaders of HPMM Group, and the joint efforts of Beijing Wanxin Technology Department and related departments, set up a bidding technical team based on the project, division of labor, cooperation, close cooperation, and others. With the unstoppable momentum, Haicheng Petroleum Machinery Manufacturing Co., Ltd. won the bid for the Gongliu block in the Yili Basin of Xinjiang.

The winning bid for the Xinjiang block not only enables HPMM Group’s business to expand into the upstream oil and gas exploration and development market; it also actively responds to the country’s call for reforms in the oil and gas industry to assume responsibility for our country; it fully demonstrates the capabilities of HPMM Group. Strong economic strength, risk prevention awareness and risk control measures have made HPMM a pioneer in the "ice-breaking journey" of our country's oil and gas exploration and exploitation system reform; thus once again the HPMM's economic and social influence has been enhanced.