Rig 191 in ZPEB Ecuador Subsidiary Won a New Contract

On July 9^th 2010, ZPEB Ecuador subsidiary received a letter of award from PETROAMASONAS EP for the drilling operation at Block 15 in Ecuador. This means that the subsidiary has acquired a two-year drilling project, reversed the difficult situation of the subsidiary in business operation, achieved a new opportunity and got a new look in market development.

Affected by the global financial crisis, ZPEB Ecuador subsidiary experienced a rapidly shrinking of the market and faced a danger of shutting down all operation crews, experiencing a great operation pressure. In face of the difficult situation, the subsidiary made active communications with the client for this project, making frequent contacts and negotiations, and eventually acquired this big contract with continuous workload and better economic benefit.