As a leading enterprise in the galvanized & pre-painted industry in china. Shandong Xinghan Materail Corporation with an annual output of 1 million tons of picking coils. 1 million tons of cold roll. 800,000 tons of hot-dipped galvanized and galvalume steel sheets. 450,000 tons of thicker galvanized steeel sheets.300,000 tons of pre-painted steel sheets. occupies a stable leading position in the industry.
Gi Coil,Ppgi Coil,Galvanized Coil,Galvanized Steel Coil SHANDONG XINGHAN MATERIAL CORPORATION , https://www.xinghansteel.com
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, the Group plans to achieve sales revenue of RMB 26 billion for its equipment manufacturing industry.
Specialized restructuring
According to the disclosure of CNPC, the company will encourage related manufacturing companies to adopt multiple methods for horizontal integration, increase investment support for restructured companies, 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.
“Professional reorganization is one direction, such as the professional Eastern Geophysical Company, which now ranks in the top five in the world, as well as well logging companies, offshore engineering companies, etc.†said Han Xuegong, a professor at the Institute of Petroleum Management.
Engineering services are the main business of CNPC, including geophysical exploration, drilling, well logging, well logging, and downhole operations. All of them have professional companies operating, but they have previously invested less in equipment manufacturing as a secondary industry.
Jinan Diesel Engine Co., Ltd. is a holding company under the China National Petroleum 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 raise their fists and develop toward specialization and internationalization.
A source from CNPC 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 well-known drilling companies in the world have a complete industrial chain, ranging from drilling to equipment to drilling cement. Although China has a large market, its independent development capability is relatively weak and the industrial chain is not perfect,†the source said.
He said that equipment manufacturing mainly refers to drilling equipment, and competition in exploration and development is competition in drilling. On September 30, CNPC established the Drilling Engineering Technology Research Institute to strengthen its research in this area.
Input and output
“In Xinjiang, it is difficult to exploit a natural gas well. When CNPC did not have the technology, several people from Schlumberger, the world’s largest oilfield technology service company, were invited. The service fee for one day is 12,000 US dollars. If it takes a year and a half, the cost It is amazing that there are so many wells, shallow fields are hard to find now, either to the deep sea, or to go to the mountains or deeper underground." PetroChina said the above-mentioned respondents.
Han Xuegong said that the level of China National Petroleum Corporation's machinery manufacturing is also acceptable, and the import of conventional equipment is limited. Many drill bits and rigs with relatively high technological content are 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.
"Now the export of petroleum machinery is particularly large, as long as you can produce, you can immediately export, but most are low-end products." People of PetroChina said.
CNPC also has many top technologies in oil exploration equipment. Last year, PetroChina’s major technology project was a 9,000-meter rig. This ultra-deep well technology is currently owned by only a few countries, including Russia, the United States, and Norway.
China National Petroleum Corporation is drawing a clear business map. In the next five years, the group will focus on creating equipment manufacturing, making it one of the main businesses of PetroChina.