In April 2013, Beijing UltraDo Resources Technology Inc. (“UlraDo”) and the Research Institute of Petroleum Exploration & Development (“RIPED”) of PetroChina Company Limited signed an agreement on the strategic cooperation in overseas oil and gas projects. The signing ceremony was attended by over 20 persons, including UltraDo’s general manager Mr. Lv Jianfei, Ultrado’s senior management and technical backbone, RIPED’s deputy director Mu Longxin, and the heads of RIPED’s overseas research institutes.
UltroDo has a high-end R&D team, unique exploration technologies, and pioneering and innovative employees. Therefore, it will achiever greater success thanks to the strategic cooperation with PetroChina.