Developing a complete set of high-end fracturing equipment is a cross-industry strategic new energy industry project implemented by NHI. The construction and implementation of the project not only conforms to the national and local development plans and industrial policies, but also is the enterprise's expansion direction according to the national and local development plans and industrial policies. Northern Heavy Industries Petroleum Equipment Co., Ltd has completed the high-end fracturing of complete sets of equipment design, manufacturing and industrial test, oil group in the bid and the successful bid for qualification of new materials supplier to access the bidding work, implements the strategic high-end complete sets of equipment in the field of new energy market, leapfrog development goals.

Explore the Integrated Development Model of Oil Gas Equipment and Service

Since the establishment of Northern Heavy Industries Petroleum Equipment Co., Ltd, it has created a new economic growth point through the development of oil and gas field engineering service business, and realized the integration of sales and service. Drive the development of equipment manufacturing industry with engineering services, establish the oil and gas field engineering service team, carry out fracturing engineering service business, improve the company's fracturing process engineering technology level, further expand the oil and gas industry chain equipment products field, and develop to the high-end industry service.

In the face of new industries, new markets, new products and new technologies, the technical personnel of the Petroleum Equipment Company have played the spirit of fearless and steadfast, and overcome the long-term business trips, round-the-clock construction and extremely harsh construction environment. The contract of oilfield engineering service was signed with private enterprises in Shaanxi Province, which opened the construction mode of learning while serving, and laid a solid foundation for the further development of oilfield engineering technical service.

With its ultra-low failure rate of high-end fracturing equipment and versatile technical personnel, Northern Heavy Industries Petroleum Equipment Co., Ltd successfully won the bid for the oilfield engineering service project of CNPC Western Drilling project, and the oilfield engineering service brand has also won unanimous praise.

Mixed Ownership Reform Brings New Vitality

On April 30th 2019, according to the CPC Central Committee and state council on promoting the northeast revitalization of deepen the reform of state-owned enterprises and the spirit, under the correct leadership and vigorous promotion of Liaoning Provincial Party Committee, Liaoning Provincial Government, Shenyang Municipal Party Committee and Shenyang Municipal Government, NHI has successfully completed judicial restructuring and mixed ownership reform. Liaoning Fangda Group has become the largest shareholder of NHI in accordance with the law, and the company has entered a new historical period of development

As strategic investors, Fangda Group brings the fully market-oriented systems and mechanisms, the abundant capital resource superiority and the brand-new management development idea. Through the reconstruction of the operating system, the management system reorganization, upgrading of technology development, market resource recovery, and the comprehensive rectification of traditional wasting, vigorously promote enterprises to deepen reform, enhance the vitality and market competitiveness, make the NHI full of new vitality, also fully stimulate the creativity of the cadre staff.

The petroleum company firmly seizes the development opportunities, and constantly develops the oilfield engineering service team, and gradually forms the integration of oilfield engineering service, technical support, equipment self-repair development route. In the process of construction, the timely solution of equipment failures does not affect the construction progress, so as to give full play to the advantages of integration of technology and marketing, greatly improve the quality of engineering service, further improve the equipment maintenance and maintenance efficiency, reduce the project operation cost, but also won the recognition and praise of PetroChina West Drilling Company. In that year, it achieved a brilliant performance of net profit of more than 4 million yuan and employee income reached a record high, which fully proved that the "mixed reform" brought vitality to the enterprise and benefited to the employees.

Fight the Epidemic to Achieve Sustainable Development

In 2020, due to the impact of the epidemic, the international crude oil prices plummeted and the domestic oil and gas industry was greatly impacted. Oil field stimulation projects were greatly reduced. The annual workload of CNPC Western Drilling Company, a major customer of Petroleum Equipment Co., Ltd., its full-year workload has shrunk to a third of that of 2019. At the same time, affected by the epidemic in Xinjiang, the oilfield engineering service team involved in the operation company project of CNPC Western Drilling Engineering Co., Ltd. was quarantined for 42 days in accordance with the requirements of the local government, which had a huge impact on the operation of the project. In order to reduce the loss caused by the epidemic, the Petroleum Equipment Company paid close attention to the fracturing project plan of CNPC Western Drilling Company, and applied market means to strive for construction opportunities. The total amount of the project was 9.07 million yuan. In order to further reduce the cost, the petroleum equipment company implements the centralized accommodation arrangement, reduces the travel expenses, make full use of the professional technology of oilfield engineering service team, self-maintenance fracturing equipment hydraulic end packing root box fault more than 40 times, saving the maintenance cost of 100,000 yuan.

In 2021, Petroleum Equipment Co., Ltd. will focus on the oil field engineering technical service project of CNPC Western Drilling Company, implement the call of national energy security, and continue to escort the development of "Mahu Oil Field", continuously escort the development of "Mahu Oilfield", which is a key strategic oil and gas producing area at the national level. On the basis of summarizing the construction mode of general contract (including team, maintenance and pump distribution) for the first time in 2020, fully excavate the potential of cost reduction and efficiency improvement. By improving the efficiency of equipment utilization, advocating more than one employee and increasing the proportion of equipment self-maintenance, the work efficiency of employees and equipment use efficiency can be improved on the basis of ensuring safety, and the overall income of the project can be further increased.

From high-end fracturing equipment manufacturing industry to oilfield engineering service industry, Northern Heavy Industries Petroleum Equipment Co., Ltd will take profit as the core goal, open up innovative thinking mode, develop the market through multiple channels, constantly expand the profit channels of the enterprise, develop into the high-end oilfield engineering technology service industry and achieve a new leap!