The Weir Group and Shengli Oilfield Highland Petroleum Equipment have announced the formation of a joint venture to provide high-pressure well service pumps and related flow control equipment to the developing shale gas industry in China

摘要

The partnership is expected to begin operations in the first half of 2011 pending regulatory approvals. It will be owned 60% by Fort Worth, Texas-based Weir and 40% by Highland and will be based in Dongying, Shandong Province, China.