Sinopec Oilfield Equipment Corporation (000852)

Overview

Sinopec Oilfield Equipment Corporation, previously known as Kingdream Public Limited Company, stands as an eminent figure in the design, development, production, and provision of services pertaining to oil and gas equipment on a global scale. With its inception in 1973, and headquartered in Wuhan, China, this corporation has etched its expertise across various verticals in the oil and gas drilling, production, transportation, and offshore engineering sectors. As a key subsidiary of China Petrochemical Corporation, Sinopec Oilfield Equipment Corporation harnesses its extensive research and development prowess to offer an exhaustive portfolio of products, from drilling rigs to petroleum inspection equipment, tailored for the intricate requirements of oilfield operations. It prides itself on fostering innovations that extend to oil field environmental protection and guarantees an integrated approach towards energy solutions, emphasizing its dedication towards sustainable development and operational excellence.

Products and Services

• Drilling Rigs: These are essential for creating the boreholes necessary for oil and gas extraction. Sinopec Oilfield Equipment Corporation provides state-of-the-art drilling rigs designed for maximum efficiency and safety in both onshore and offshore operations.
• Cementing Units: Critical for securing the well casing and preventing fluid migration between subsurface formations, these units are designed for reliability and performance under challenging conditions.
• Fracturing Units: Utilized in the process of hydraulic fracturing to enhance the extraction of oil and natural gas, these units are equipped with advanced technology to optimize production.
• Workover Equipment: Essential for performing maintenance and repair activities on existing wells to extend their productive life or prepare them for abandonment.
• Coiled Tubing Units: Offering solutions for well intervention processes, these units facilitate operations such as drilling, logging, and perforating without the need to remove the wellhead or production tubing.
• Snubbing Units: These units are deployed for well control and interventions in pressured wells where conventional methods are not feasible, emphasizing safety and efficiency.
• Drill Bits and Tools: From tricone bits to specialized drilling tools, Sinopec Oilfield Equipment Corporation offers a comprehensive selection designed to enhance drilling performance in diverse geological conditions.
• Downhole Tools: Encompassing a variety of tools for the drilling, completion, and intervention stages of a well's lifecycle, these are crucial for optimizing wellbore conditions and maximizing production.
• Steel Pipes: Durability and performance characterize the steel pipes produced for use in oil and gas transportation, ensuring safety and reliability in high-pressure environments.
• Natural Gas Compressors: These compressors play a vital role in transporting natural gas through pipelines by maintaining the gas at a specific pressure level to ensure its flow and delivery to end-users.
• Oil Field Environmental Protection Equipment: Demonstrating a commitment to sustainability, this equipment range encompasses technologies aimed at reducing the environmental footprint of oilfield operations.
• Flow Control Products: These products are designed to manage the flow and pressure of fluids during extraction and processing, ensuring operational efficiency and safety.
• Petroleum Integrated Solution Equipment: Addressing complex challenges in the petroleum sector, these solutions streamline operations, enhance productivity, and minimize environmental impact.
• Petroleum and Petrochemical Inspection Equipment: Guaranteeing the quality and safety of petroleum products, this equipment is indispensable for maintaining stringent industry standards.
• Natural Gas Pressurization Equipment: Essential for the storage and transportation of natural gas, these units maintain the gas at optimal pressures for various application requirements.
• Repair and Maintenance Equipment: This category offers comprehensive tools and devices for the upkeep and functionality of oilfield equipment, ensuring prolonged operational life and efficiency.