安东油田服务第四季度新增订单20.84亿元，同比下降20%

Core Viewpoint - Antonoil Services (03337) announced that in Q4 2025, international oil prices are expected to experience significant volatility due to a more relaxed supply-demand balance, uncertainties regarding tariffs, and geopolitical risks. Meanwhile, the global natural gas industry is thriving, particularly in Asia and the Middle East, driven by demand, with ongoing investments and project developments in the LNG sector [1]. Group 1: Strategic Positioning - The company is upgrading its strategic positioning to become an "integrated service company for oil and gas (energy) asset value management," focusing on joint innovation with clients to provide integrated solutions and continuously develop its global market platform [1]. Group 2: Order Performance - In Q4, the company secured new orders amounting to RMB 2.084 billion, representing a 20.0% decrease compared to the same period last year. Specifically, new orders from the Iraq market were approximately RMB 1.167 billion, down 30.5% year-on-year; new orders from other overseas markets were about RMB 256.7 million, up 525.8%; and new orders from the Chinese market were around RMB 660.1 million, down 29.1% [1]. - In the overseas market, the company won contracts for oilfield operation and maintenance services, energy storage renovation technology services, and fracturing pumping technology services in Iraq, with new orders totaling RMB 1.167 billion. The decline of 30.5% year-on-year is attributed to a high base from last year's large integrated service project order [1]. - In other overseas markets, the company secured multiple large orders, including well services, mud services, and production equipment services, resulting in a year-on-year increase of 525.8% in new orders [1]. - In the Chinese market, the company won contracts for drilling technology services, sand control and water management technology services, and fracturing stimulation technology services. However, the new orders in this market decreased by 29.1% year-on-year due to delays in the bidding plans for some projects by clients [2].