"Take the market as a life project"

In an environment where the global oil market is shrinking sharply and domestic and foreign oil service companies are losing money, how can petrochemical oil service achieve growth against the trend?

In the final analysis, it depends on market operations.

In the past five years, the Party Committee of Petroleum Engineering Company has adhered to the concept of "taking the market as a life project", and has unremittingly passed on responsibilities and stimulated motivation through theme presentations, seminars, and holding deeds report meetings, and guided cadres and employees to completely change their concepts and completely abandon their fantasy , "Do not rely on oil prices", take the initiative in market development, look for opportunities in crisis, and transform internal and external pressures into motivation for striving forward.
The employees' awareness of creating benefits is continuously enhanced and the cells of creating benefits are activated.

In the internal market of Sinopec, under the premise of ensuring national energy security and serving the high-quality exploration and profitable development of the group company, Sinopec Oilfield Services gave full play to its integrated advantages and signed 41.
4 billion new contracts throughout the year.

In 2020, the company will make every effort to steadily increase key markets such as PetroChina and the national pipeline network.
Thirty-three teams were shortlisted for the Sichuan Shale Gas Market of PetroChina, and signed new drilling and completion contracts for 7 platforms with 1.
05 billion yuan; won the bid for the National Pipeline Network Company and Zhejiang Petrochemical Pipeline Construction Project, with a newly signed contract value of 2.
2 billion yuan.
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The value of newly signed contracts is 12.
8 billion yuan.

Overseas, affected by the epidemic and low oil prices, the difficulty of market development has increased sharply.
Petrochemical and Oilfield Services focused on attacking and firmly stabilized the market.
High-quality markets such as Saudi Arabia and Kuwait bucked the trend, and newly obtained service qualifications for screw services, unconventional fracturing, and directional wells.
The value of new contracts signed throughout the year was 15.
6 billion yuan.

The development of the Kuwait Petroleum Company (KOC) market is the most typical example.
As early as 2009, the International Petroleum Engineering Company, a subsidiary of Petrochemical Oil Services, entered Kuwait.
In 2014, it won the bid of 27 KOC drilling rigs and became KOC's largest drilling service provider, providing great practical support for Kuwait to achieve the strategic goal of 4.
7 million barrels of oil per day in 2030.
By 2020, affected by the epidemic and low oil prices, KOC announced a substantial reduction in investment, and cut budgets by stopping drilling rigs and lowering contract prices for multiple drilling contractors.
However, on February 24, 2020, the Kuwait Branch of the International Petroleum Engineering Company, a subsidiary of Petrochemical Oil Services, received an invitation letter from the Kuwait Petroleum Company’s RFP-2066003 workover rig service project.
On the same day, the first case of new coronary pneumonia infection occurred in Kuwait.
The epidemic broke out quickly and spread in various industries.
In order to win this contract, on the one hand, the company changed its work model in accordance with the principles of external defense input and internal control contact, and promoted various bidding work through online office; on the other hand, it strictly performed self-protection, and in important meetings such as business bargaining, Employees wear N95 masks at meetings, and they are repeatedly disinfected after the meetings.
Protective masks and gloves are added to non-meeting places to conscientiously prevent and control the epidemic.
In one year, after seven rounds of business quotation negotiations, he finally won a $360 million contract.

In Nigeria, Li Enpeng, manager of Shengli Engineering’s “New Shengli No.
1” offshore drilling platform, insisted on duty and achieved contrarian revenue from overseas projects with a daily rate of 99.
8%; in Saudi Arabia, Cheng Xianbin, project manager of the Saudi Arabian company, organized personnel ahead of schedule Comparing to the equipment requirements of the bidding owner, fully demonstrating the team's performance, winning the bid for the Halliburton new side drilling package project with a contract value of 117 million US dollars;

In Thailand, Sun Baolin, the manager of the Thailand Project Department of East China Engineering Jiangsu Drilling, won the 1+1 contract for a 50 drilling rig from the National Petroleum Corporation of Thailand and a large well package contract for TPI.
But it was difficult, Fang showed courage.
The Petroleum Engineering Iron Army, which is particularly capable, particularly capable of tackling tough issues, and particularly capable of surpassing, has withstood the market baptism of the double test of the new crown pneumonia epidemic and the plunge of oil prices!

Improving service capabilities and advancing stability and improvement

"In 2020, under the unified deployment of Sinopec, we will focus on improving quality, speed, production and efficiency, as well as standardized design, factory prefabrication, modular construction, mechanized operations, and information management.
Effective action, the effect is obvious.
" Yuan Jianqiang, general manager of the company introduced.

Petrochemical Oil Services continues to polish the "diamond diamonds" that serve the owners, and the service capabilities have been significantly improved.

Improve quality, speed, efficiency, production, as the overall standards and requirements for service guarantees, set up a 15% reduction in drilling cycle, a 20% increase in fracturing speed, a 30% reduction in complex failures, a 10% increase in production, and a 15% reduction in costs The goal.
As a result, in the key work areas of the "Three Norths and One River", the average drilling cycle in 2020 will be shortened by 20.
5% compared to the previous year, the fracturing time efficiency will be increased by 49.
3% compared to the previous year, and the time efficiency for complex failures will be reduced by 34.
8% compared to the previous year.

Continue to improve standardized design, factory prefabrication, mechanized operation, modular construction and information management capabilities, and promote the "five modernizations" project that saves worry, effort, time, labor, and money.
Only Pingqiao South shale gas simplifies the gas gathering process and optimizes the construction process, shortening the construction period by 22.
5%, saving land by 28.
3%, and reducing investment by 15.
1%.

Major breakthroughs were made in market layout and optimized allocation of resources.
Promote the gathering of resources such as teams, equipment, materials, and engineering technology to the efficient market.
More than half of the progress has been made in the optimization and transfer of domestic drilling rigs, and the relocation of overseas drilling rigs.
Actively promote the establishment of warehouses in different areas, and the mutual supply of internal advantageous products officially started.

Intensified research efforts, rotary steering system, near-bit geosteering system, 200 degrees Celsius high temperature and high pressure logging system.
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a large number of new technologies and new tools will help Petrochemical Oilfield Services to create a total of 129 construction records of various projects in 2020.
Among them, Shunbei 55X and Shunbei 53-2H have completed drilling depths of 8,725 meters and 8874.
4 meters, which have successively set the record for the deepest completion depth on land in Asia, and a new record of more than 9,000 meters is being created!

In the past five years, Sinopec Oil Services participated in the construction of my country’s deepest buried marine bio-reef gas field in Yuanba, Sichuan; participated in the establishment of my country’s first commercial development of a national shale gas field in Fuling, Chongqing; and participated in the establishment of a million-dollar gas field in Shunbei, Xinjiang New ultra-deep positions with ton-level oil and gas equivalent; two large gas fields with reserves of 100 billion cubic meters, Daniudi and Dongsheng, were discovered in Ordos, Inner Mongolia; 23.
The construction of key projects such as gas storage and Zhongke Refinery.
In the refining of large gas fields and key projects, the service guarantee capability of petrochemical oil service is becoming more and more powerful!

In 2020, due to excellent construction indicators and effective service guarantee, 168 grassroots teams and 116 individuals won the gold medal benchmark grassroots team, the gold and silver medal grassroots team and the outstanding grassroots manager advanced commendation; 3 branches, 416 grassroots teams Passed the acceptance of green enterprises; 54 advanced collectives and individuals of Sinopec Group-level and 278 company-level "two-priority and one-first" have emerged at various levels.
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The cold winter of the market is a "whetstone", and epidemic prevention and control is a "touchstone".
In 2020, it has honed and tested the background, quality and fineness of the petroleum engineering iron army that dares to fight and is good at fighting.

"In 2020, petroleum engineering companies have achieved remarkable results in strengthening guarantees, expanding markets, creating benefits, promoting reforms, fine management, preventing risks, and strengthening party building," said Liu Hongbin, deputy general manager of the group company and member of the party group.

After hardships, he is a hero.
Standing at the starting point of the "14th Five-Year Plan", Sinopec Oilfield Services will focus on the world's leading development strategy, accelerate the transformation to a technology-leading oilfield service company, and write a new chapter in high-quality development!