AJ Lucas Executes Cooperation & Partnership Agreement with China Petroleum Pipeline Bureau

AJ Lucas Group Ltd. hasannounced that it hasentered into a five-year Strategic Co-operation and Partnership Agreement with China Petroleum Pipeline Bureau, a wholly ownedsubsidiary of thegiant Chinese petroleum company CNPC.

CPP specializes in pipeline engineering and construction, including horizontaldirectional drilling.It is one of the largest general contractors in the oil and gas industry worldwide and engages in the full spectrumof R&D, survey, consulting, design, procurement, construction, coating, fabrication, intelligent pigging, maintenance andrepair of pipelines and storage operations. 

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Lucas andCPP have maintained a relationship for 10 years, which both parties have now formalized to take advantage of mutual potential oil and gas opportunities in Chinaand the rest of Asia.The agreement provides for cooperation and working together in the following areas:

1)  HDD Crossings

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2)  CoalSeam Gas and Shale Gas

3)  Drilling Well Completions, Work Overs

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4)  New Pipeline Technologies and

5)  Strategic Co-Operation

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 AJ Lucas CEO Allan Campbell said in relation to the agreement: “The complementarynature of each party’s skill sets and resources makes this combinationof pipelining anddrilling skills particularly compelling; particularly inextending pipeline technological and engineering development, as well as assisting in thenascent coal seam gas and shale gas industries in China.”

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 Lucas is particularly pleased to have formalizedthis long standing informal relationship with one of the world’s leading pipeline contractors, and one whose parent company is one of the world’slargest and strongest companies.

 Lucas and CPP have identified a number of opportunities on which to work together fromthe commencement of the Agreement; which commences immediately.

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