MIE Holdings Corporation (1555.HK) is an investment holding company primarily engaged in the exploration, development, and production of oil and natural gas resources. The company, founded in 1996 and headquartered in Beijing, China, operates through its subsidiaries in the energy sector, focusing on upstream activities including drilling, well completion, and reservoir management services; it offers specialized products such as drilling rigs, workover rigs, and downhole tools under brands like MIE Drilling and MIE Services. Its core services encompass contract drilling for onshore and offshore wells, integrated project management for oilfield development, and technical support for enhanced oil recovery techniques, targeting national oil companies and independent producers primarily in China, with expanding operations in Central Asia and the Middle East. In recent developments, MIE Holdings announced a strategic partnership with a major state-owned energy firm in late 2024 to jointly develop shale gas assets in Sichuan Basin, enhancing its production capacity; the company also completed a HK$500 million funding round in early 2025 led by institutional investors to finance equipment upgrades and digital oilfield technologies; additionally, it launched a new line of eco-friendly drilling fluids and automation systems in mid-2025, aligning with China's carbon neutrality goals, while reorganizing its subsidiaries to streamline offshore operations.