On July 5, 2012, the early signing ceremony of cooperation for the casing associated gas light hydrocarbon recovery project of Haixi Oil and Gas Technology Services Co., Ltd under the control of Runfa Group was held in PetroChina Qinghai Bianyuan Oilfield Development Company. Group Vice President Liu Xunyang, Haixi Oil and Gas Technology Services Co., Ltd president Feng Zhihua and Bianyuan Oilfield Development Company Chief Engineer Liu Feng attended the signing ceremony.
Light hydrocarbon recovery project is another new business area of the Group in addition to gas, real estate, trade and other major business segments and is a new achievement made under the Group's visionary leadership and constantly development of new projects and diverse industries. After nearly two months of research, feasibility studies, program review and contract review, Haixi Oil and Gas Technology Services Co., Ltd had achieved final results in the implementation of casing associated gas light hydrocarbon recovery project of Bianyuan Oilfield Development Company.
