Daqing Oilfield has operated projects in 14 countries along the “One Belt and One Road” this year. It relies on services and trade to expand the market in parallel, forming oil field development, engineering technology, engineering construction, A complete industrial chain of petroleum equipment, production auxiliaries and chemical products that jointly "go global" has built a regional pattern of "five major markets" in the Middle East, Africa, Central Asia, Asia-Pacific and the Americas, continuously injecting fresh vitality into the joint construction of the "Belt and Road" and development momentum.
Build a new pattern in the international market. Daqing Oilfield won the bid for the Iraqi Rumaila multi-batch drilling general contract, undertook a series of construction projects in the Halfaya Oilfield in Iraq, and obtained multiple product orders such as Chadian submersible electric pumps, which strongly supported the Group's key overseas projects to build efficiency and production. Daqing Oilfield signed a contract with Iraq’s B9 block drilling rig general contracting project and won the Saudi shallow sea artificial island drilling project. In particular, the signing of contracts for projects such as the Nibe Crude Oil Pipeline, the Kingfisher Oilfield Pipeline in Uganda, and the East Africa Crude Oil Pipeline is a historic breakthrough for Daqing Oilfield in the sub-Saharan African market. In the past 10 years, Daqing Oilfield has successively entered new markets in Uganda, Tanzania, Niger and other countries, creating a new pattern of open cooperation.
Crossing a new stage of scale and strength. Daqing Oilfield has given full play to its comprehensive and integrated advantages, and the proportion of drilling packages, engineering construction EPC and other businesses has increased significantly, showing a trend of mutual dependence and mutual support. We promoted quality and efficiency improvement actions, implemented regional management in the drilling business, implemented project-based management in the engineering construction business, and carried out "1+N" integrated operation of core products and supporting services in the petroleum equipment business, thereby increasing both volume and efficiency in the international market. In the past 10 years, Daqing Oilfield has formed three large-scale markets: Iraq, Mongolia, and North and South Sudan. The Middle East region with Iraq as the core has formed a large regional market with an income of more than 1 billion US dollars.
Operation management has reached a new level. Daqing Oilfield has accelerated its integration with international standards, optimized its marketing layout, improved a series of rules and regulations such as foreign-related contracts and anti-terrorism security, promoted resource sharing, established an integrated operation model, and formed a synergy for the coordinated development of upstream and downstream oilfields. Daqing Oilfield has launched special work to prevent and resolve risks in overseas projects, continue to deepen the construction of overseas social safety management systems, and improve emergency response capabilities. Over the past 10 years, Daqing Oilfield's "going global" support and risk management capabilities have continued to increase, and its operating efficiency and effectiveness in overseas markets have continued to improve. Last year, total profits from overseas markets increased significantly year-on-year.
The quality of development has reached a new high level. Daqing Oilfield continues to strengthen the promotion and application of advanced technologies overseas and focus on research, and has cultivated and formed the "Top Ten Overseas Characteristic Technologies" such as drilling leakage prevention and plugging, layered water injection, vertical well fracture network fracturing, and submersible electric pump gas separators. , super target perforating equipment and other "Top Ten Overseas Technical Weapons". Over the past 10 years, Daqing Oilfield’s overseas teams have competed with well-known international oilfield services companies, setting construction records in the regional market many times. A number of new businesses such as chemical products and digital oilfield construction have entered the international market. Lishen electric submersible pumps, Qingmao Product brands such as perforating equipment are well-known at home and abroad, and technical service brands such as "Daqing Drilling" and "Daqing Construction" have further enhanced their reputation in the same industry.
Foreign cooperation shows a new image. Daqing Oilfield practices higher industry standards and has participated in the construction of a number of landmark projects such as Halfaya and Rumaila Oilfields, which have won wide recognition and praise from the local government, owners and Party A. Daqing Oilfield implements the localization strategy, actively recruits and trains local employees, gives priority to purchasing and using local products and services, and provides local contractors and service providers with opportunities to participate in project services. Daqing Oilfield supports local construction and helps improve the living conditions of community residents in Mongolia, Iraq and other places. It has established a responsible international corporate image by providing jobs, drilling drinking water wells, donating medical supplies, etc.
