Atlantis Holdings Norway AS (hereafter referred as “ATLANTIS”) was originally a fully-owned subsidiary of Norway Petroleum Geo-Service ASA（PGS）. It mainly dealt with the exploration and production business. In 2003, the company was merged into Sinochem Corporation as a fully-owned subsidiary.
The headquarter of ATLANTIS is located in Dubai of the United Arab Emirates, whose assets includes 11 contract blocks distributed in Tunisia and United Arab Emirates, with the project operation area of 10,000 km².
At present, Oudna offshore oilfield of ATLANTIS, of which Sinochem holds 40% of rights and interests, is located in Tunisia Sea. It was already put into operation in November 2006, with initial daily output of petroleum of 20,000 tons per day. The gas field, of which Sinochem holds 100% of rights and interests, is located in UAQ Sea and under construction. The UAQ offshore gas field started the construction since March 2006 and was put to production in May 2008, starting to supply the gas for RAK GAS.
The Middle East has become a key region for Sinochem Corporation to implement its strategic expansion towards upper stream of petroleum business. On the basis of successfully developing UAQ gas field, ATLANTIS will continually search and develop new oil and gas projects in this region and make efforts to expand the production scale, in order to make breakthroughs in the upper stream of petroleum business and ensure the sustainable, smooth and fast development of the company.