Sinopec Oilfield Equipment Corporation (000852)

Overview

Sinopec Oilfield Equipment Corporation is an integrated entity specializing in the research, development, manufacture, and servicing of oil and gas equipment both within China and internationally. Founded in 1973 and originally known as Kingdream Public Limited Company, it underwent a name change in July 2015 to its current identity. Based in Wuhan, China, Sinopec Oilfield Equipment Corporation operates as a key subsidiary of China Petrochemical Corporation. The company has established a notable presence in the oil and gas industry, owing to its comprehensive product range and services that cater to drilling, production, transportation, and offshore engineering needs.

Products and Services

• Drilling Rigs: These are essential for accessing underground oil and gas reserves. Sinopec provides advanced drilling rigs designed for efficiency and reliability in various drilling environments.
• Cementing Units: Used during the well construction phase, these units ensure the secure and safe placement of cement in the wellbore, a critical step for well integrity and performance.
• Fracturing Units: These units are employed in the hydraulic fracturing process, a technique to enhance the flow of oil and gas from rock formations.
• Workover Equipment: This equipment is utilized for performing work over operations on existing wells to increase or restore their production.
• Coiled Tubing Units: Essential for various well intervention operations, coiled tubing units offer a versatile solution for extending the life of wells.
• Snubbing Units: Used in well interventions under pressure, these units allow for safer operations without the need to kill the well.
• Drill Bits and Tools: Sinopec offers a wide range of drill bits and tools designed for effective drilling through different geological formations.
• Downhole Tools: These tools are crucial for the variety of tasks performed down the well, including logging, measurement, and wellbore navigation.
• Steel Pipes: Durable and strong, these pipes are critical components for the transportation of oil and gas from the well to processing facilities.
• Natural Gas Compressors: These compressors are vital for the efficient processing and transportation of natural gas by increasing its pressure.
• Oil Field Environmental Protection Equipment: Demonstrating a commitment to sustainability, Sinopec provides solutions designed to mitigate the environmental impact of oil and gas operations.
• Flow Control Products: These products are essential for managing the flow and pressure of fluids in the oil and gas production process.
• Petroleum Integrated Solution Equipment: Sinopec offers comprehensive solutions for optimizing the exploration, production, and processing phases in the petroleum industry.
• Petroleum and Petrochemical Inspection Equipment: This equipment is crucial for ensuring quality, efficiency, and safety in petroleum and petrochemical operations.
• Natural Gas Pressurization Equipment: Similar to compressors, these units are essential for the transportation and storage of natural gas by adjusting its pressure.
• Repair and Maintenance Equipment: Sinopec provides a broad range of equipment dedicated to the upkeep and performance optimization of oilfield and gasfield infrastructure.