From large losers to profitable stars, China Petroleum’s equipment manufacturing industry has gone through an extraordinary distance. In 2003, the entire industry just achieved profitability, and in 2006 it realized a profit of 500 million yuan, and the development speed is amazing!
Since the 10th Five-Year Plan, the petroleum equipment manufacturing industry has entered a virtuous track of sustained and rapid development by taking advantage of the rapid development of the national economy and the unfolding eastward development of the equipment manufacturing industry. The rapid expansion of industry scale, annual revenue increase of more than 20%, rapid increase in overall product performance, major breakthroughs in high-tech product research, successful development of the 9000 meters ultra-deep well drilling rig, top drive, large diameter steel grade steel, rapid logging platform, Medium- and high-power internal combustion engines, high-power flue gas turbines and other new products.
The people in the oil equipment manufacturing industry have referred to the “fifteen†as the “spring†of the oil equipment manufacturing industry. How long does "spring" last? How will the "Eleventh Five-Year" oil equipment manufacturing industry develop? What kind of thorns will arise in the development? We should face rationality, make clear analysis, and boldly innovate.
Status Quo: The rapid development of petroleum equipment manufacturing industry, but the bottlenecks in many aspects have yet to be broken and there is much room for further development.
The petroleum equipment manufacturing industry has entered a stage of rapid development (“15th Five-year Plan†to date) after it has begun its exploration phase (1950-1970) and its growth and expansion phase (1971-2000).
The Group's equipment manufacturing industry has now formed a relatively complete industrial system. The products cover more than 180 varieties in three categories: exploration and development equipment, petroleum steel pipes, refining equipment and instruments.
At present, the group companies mainly manufacture 35 companies, including 6 specialized manufacturing companies, 20 oil and gas field manufacturing companies, 7 refining and manufacturing companies, and 1 each of the Oriental Geophysical Exploration and Oil Logging. There are also some small repair factories. The 35 major equipment manufacturers are located in 27 cities across 12 provinces, municipalities and autonomous regions across the country.
Since the 10th Five-Year Plan period, the total income of the 35 major equipment manufacturing enterprises has increased by an average of 20.7% annually. In 2006, it is expected to realize a sales income of 15 billion yuan. In 2003, the 35 companies realized an overall turnaround from profit to loss. In 2005, they realized a total profit of 274 million yuan. In 2006, they are expected to realize a total profit of 500 million yuan. Compared with 2000, the loss reduction and profit increase will be 730 million yuan.
In terms of drilling equipment manufacturing, in order to meet the large-scale drilling rigs' needs of the Group's companies, the drilling rig capacity was increased from 30 to 55 units/year, and in 2006, 86 units of drilling rigs are expected to be produced. The company successfully developed a top-drive drilling rig with its own brand, and formed an annual production capacity of 25 units, breaking the monopoly structure of top-drive products by foreign companies and effectively suppressing the price of imported products. In order to tie in with the renewal of drilling rigs, the capacity of mud pumps has been increased from 240 units/year to 500 units/year, and 1300 mud pumps have been accumulated over five years, with a total of 459 units exported.
In terms of production of oil extraction equipment, the “15th Five-Year Plan†cumulatively produced 29,000 pumping units, 25,44 million meters of sucker rods, and 107,000 pumping units, which accounted for 70% of the total demand of the group companies. Accumulatively, 1,921 units of pumping units were exported. 1.33 million meters of oil rods, 2152 pumping units.
Regarding the production of steel pipes, the production capacity of welded pipes was expanded from 520,000 tons/year to 1.35 million tons/year and the total production of welded steel pipes was 3.69 million tons during the “Tenth Five-Year Plan†period.
The technological level of petroleum equipment manufacturing has grown by leaps and bounds:
Baoji Petroleum Machinery Co., Ltd. introduced and digested foreign technology and developed an advanced all-digital AC variable-frequency drilling rig series. It successfully developed China's first 9,000-meter ultra-deep well drilling rig, which has enabled China's rig manufacturing technology to reach the international advanced level on the whole.
Beishi Machinery Plant and Exploration Institute of Machinery jointly developed top-driven drilling equipment, whose product performance has reached the international advanced level, has been recognized by domestic users, and exported to the United States and other markets.
Jinan Diesel Engine Co., Ltd. and AVL Austria Co., Ltd. have jointly developed the 3000 series and 601 series third-generation diesel engines. The main performance indicators of the products have reached the domestic advanced level.
The pipe-making enterprises strengthened the technical cooperation with the iron and steel enterprises and successfully developed the X70 large-diameter, large-walled welded steel pipe to ensure the needs of key projects such as the West-East Gas Pipeline, the Second Line of Shanxi-Beijing, and other large-scale projects. The X80 welded pipe was trial-produced in batches, laying the foundation for product upgrading.
Lanzhou Petrochemical Machinery Factory's flue gas turbine products have made major breakthroughs in design, material application and processing technology. It has developed a 33,000 kilowatts of large-scale flue gas turbines and successfully applied it to Lanzhou Petrochemical's 3 million tons catalytic device, filling the domestic gap.
Since the 10th Five-Year Plan, the petroleum equipment manufacturing industry has entered a virtuous track of sustained and rapid development by taking advantage of the rapid development of the national economy and the unfolding eastward development of the equipment manufacturing industry. The rapid expansion of industry scale, annual revenue increase of more than 20%, rapid increase in overall product performance, major breakthroughs in high-tech product research, successful development of the 9000 meters ultra-deep well drilling rig, top drive, large diameter steel grade steel, rapid logging platform, Medium- and high-power internal combustion engines, high-power flue gas turbines and other new products.
The people in the oil equipment manufacturing industry have referred to the “fifteen†as the “spring†of the oil equipment manufacturing industry. How long does "spring" last? How will the "Eleventh Five-Year" oil equipment manufacturing industry develop? What kind of thorns will arise in the development? We should face rationality, make clear analysis, and boldly innovate.
Status Quo: The rapid development of petroleum equipment manufacturing industry, but the bottlenecks in many aspects have yet to be broken and there is much room for further development.
The petroleum equipment manufacturing industry has entered a stage of rapid development (“15th Five-year Plan†to date) after it has begun its exploration phase (1950-1970) and its growth and expansion phase (1971-2000).
The Group's equipment manufacturing industry has now formed a relatively complete industrial system. The products cover more than 180 varieties in three categories: exploration and development equipment, petroleum steel pipes, refining equipment and instruments.
At present, the group companies mainly manufacture 35 companies, including 6 specialized manufacturing companies, 20 oil and gas field manufacturing companies, 7 refining and manufacturing companies, and 1 each of the Oriental Geophysical Exploration and Oil Logging. There are also some small repair factories. The 35 major equipment manufacturers are located in 27 cities across 12 provinces, municipalities and autonomous regions across the country.
Since the 10th Five-Year Plan period, the total income of the 35 major equipment manufacturing enterprises has increased by an average of 20.7% annually. In 2006, it is expected to realize a sales income of 15 billion yuan. In 2003, the 35 companies realized an overall turnaround from profit to loss. In 2005, they realized a total profit of 274 million yuan. In 2006, they are expected to realize a total profit of 500 million yuan. Compared with 2000, the loss reduction and profit increase will be 730 million yuan.
In terms of drilling equipment manufacturing, in order to meet the large-scale drilling rigs' needs of the Group's companies, the drilling rig capacity was increased from 30 to 55 units/year, and in 2006, 86 units of drilling rigs are expected to be produced. The company successfully developed a top-drive drilling rig with its own brand, and formed an annual production capacity of 25 units, breaking the monopoly structure of top-drive products by foreign companies and effectively suppressing the price of imported products. In order to tie in with the renewal of drilling rigs, the capacity of mud pumps has been increased from 240 units/year to 500 units/year, and 1300 mud pumps have been accumulated over five years, with a total of 459 units exported.
In terms of production of oil extraction equipment, the “15th Five-Year Plan†cumulatively produced 29,000 pumping units, 25,44 million meters of sucker rods, and 107,000 pumping units, which accounted for 70% of the total demand of the group companies. Accumulatively, 1,921 units of pumping units were exported. 1.33 million meters of oil rods, 2152 pumping units.
Regarding the production of steel pipes, the production capacity of welded pipes was expanded from 520,000 tons/year to 1.35 million tons/year and the total production of welded steel pipes was 3.69 million tons during the “Tenth Five-Year Plan†period.
The technological level of petroleum equipment manufacturing has grown by leaps and bounds:
Baoji Petroleum Machinery Co., Ltd. introduced and digested foreign technology and developed an advanced all-digital AC variable-frequency drilling rig series. It successfully developed China's first 9,000-meter ultra-deep well drilling rig, which has enabled China's rig manufacturing technology to reach the international advanced level on the whole.
Beishi Machinery Plant and Exploration Institute of Machinery jointly developed top-driven drilling equipment, whose product performance has reached the international advanced level, has been recognized by domestic users, and exported to the United States and other markets.
Jinan Diesel Engine Co., Ltd. and AVL Austria Co., Ltd. have jointly developed the 3000 series and 601 series third-generation diesel engines. The main performance indicators of the products have reached the domestic advanced level.
The pipe-making enterprises strengthened the technical cooperation with the iron and steel enterprises and successfully developed the X70 large-diameter, large-walled welded steel pipe to ensure the needs of key projects such as the West-East Gas Pipeline, the Second Line of Shanxi-Beijing, and other large-scale projects. The X80 welded pipe was trial-produced in batches, laying the foundation for product upgrading.
Lanzhou Petrochemical Machinery Factory's flue gas turbine products have made major breakthroughs in design, material application and processing technology. It has developed a 33,000 kilowatts of large-scale flue gas turbines and successfully applied it to Lanzhou Petrochemical's 3 million tons catalytic device, filling the domestic gap.
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