In the next five years, China National Petroleum Corporation will focus on creating an equipment manufacturing industry, making it one of the main businesses of CNPC.
In this way, in addition to engineering and technical services, CNPC has found new industrial support. In the context of oil prices stimulating global oil investment, equipment manufacturing will be a strong business growth point. During the "Eleventh Five-Year Plan" period, China Petroleum plans to achieve a sales revenue of 26 billion yuan for its equipment manufacturing industry.
It has been revealed that CNPC will encourage relevant manufacturing companies to adopt multiple methods for horizontal integration, increase investment support for restructured enterprises, and increase the proportion of funds invested by the group companies. In addition, specific measures have been introduced to support the R&D of equipment manufacturing companies.
Han Xuegong, a professor at the Institute of Petroleum Management, said that professional restructuring is one direction. For example, the professional Eastern Geophysical Company ranks among the top five in the world, as well as well logging companies and offshore engineering companies.
Engineering and technical services are the main business of PetroChina, including geophysical exploration, drilling, well logging, well logging, and downhole operations. All have professional companies operating, but they have previously invested less in equipment manufacturing as a subsidiary business.
Jinan Diesel Engine Co., Ltd. is a holding company of China National Petroleum Material and Equipment Corporation. It mainly produces drilling internal combustion engines. A person from the company’s market development department said that from the end of last year to April this year, the group company organized a survey on the equipment manufacturing business to brewing and restructuring.
CNPC has many equipment manufacturing companies in various locations. Han Xuegong believes that integration now is to hold the fist and develop in a direction of specialization and internationalization.
A person from PetroChina said that 60% of the assets in each oil field in China are oil well pipes, and each oil field has its own equipment industry, but it is not really strong. These companies are small and scattered, and integration will be a big industry. The world's leading drilling companies have a complete industrial chain, from drilling to equipment to drilling cement. Although China has a large market, its independent development capability is relatively weak and its industrial chain is not perfect. This person also stated that equipment manufacturing mainly refers to drilling equipment, and competition in exploration and development is competition in drilling. In September China Petroleum established the Drilling Engineering Technology Research Institute and strengthened its research in this area.
Han Xuegong said that with the current level of China National Petroleum Corporation's machinery manufacturing, there are few conventional equipment imports, and many drills and rigs with relatively high technological content must be imported. China's equipment also has exports, and equipment output is part of the technical output. Now that Chinese oil companies have acquired overseas, there are also various exploration agreements that will export these equipment.
CNPC also has many top technologies in oil exploration equipment. Last year, PetroChina’s major science and technology project was a 9,000-meter drilling rig. This ultra-deep well technology is currently owned by only a few countries, including Russia, the United States, and Norway.
In this way, in addition to engineering and technical services, CNPC has found new industrial support. In the context of oil prices stimulating global oil investment, equipment manufacturing will be a strong business growth point. During the "Eleventh Five-Year Plan" period, China Petroleum plans to achieve a sales revenue of 26 billion yuan for its equipment manufacturing industry.
It has been revealed that CNPC will encourage relevant manufacturing companies to adopt multiple methods for horizontal integration, increase investment support for restructured enterprises, and increase the proportion of funds invested by the group companies. In addition, specific measures have been introduced to support the R&D of equipment manufacturing companies.
Han Xuegong, a professor at the Institute of Petroleum Management, said that professional restructuring is one direction. For example, the professional Eastern Geophysical Company ranks among the top five in the world, as well as well logging companies and offshore engineering companies.
Engineering and technical services are the main business of PetroChina, including geophysical exploration, drilling, well logging, well logging, and downhole operations. All have professional companies operating, but they have previously invested less in equipment manufacturing as a subsidiary business.
Jinan Diesel Engine Co., Ltd. is a holding company of China National Petroleum Material and Equipment Corporation. It mainly produces drilling internal combustion engines. A person from the company’s market development department said that from the end of last year to April this year, the group company organized a survey on the equipment manufacturing business to brewing and restructuring.
CNPC has many equipment manufacturing companies in various locations. Han Xuegong believes that integration now is to hold the fist and develop in a direction of specialization and internationalization.
A person from PetroChina said that 60% of the assets in each oil field in China are oil well pipes, and each oil field has its own equipment industry, but it is not really strong. These companies are small and scattered, and integration will be a big industry. The world's leading drilling companies have a complete industrial chain, from drilling to equipment to drilling cement. Although China has a large market, its independent development capability is relatively weak and its industrial chain is not perfect. This person also stated that equipment manufacturing mainly refers to drilling equipment, and competition in exploration and development is competition in drilling. In September China Petroleum established the Drilling Engineering Technology Research Institute and strengthened its research in this area.
Han Xuegong said that with the current level of China National Petroleum Corporation's machinery manufacturing, there are few conventional equipment imports, and many drills and rigs with relatively high technological content must be imported. China's equipment also has exports, and equipment output is part of the technical output. Now that Chinese oil companies have acquired overseas, there are also various exploration agreements that will export these equipment.
CNPC also has many top technologies in oil exploration equipment. Last year, PetroChina’s major science and technology project was a 9,000-meter drilling rig. This ultra-deep well technology is currently owned by only a few countries, including Russia, the United States, and Norway.
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