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China Petroleum Network News (Reporter Zhou Wenxue) On March 18, the reporter learned from the China Petroleum and Petroleum Services International Business Department that in the face of the current overseas epidemic prevention and control, Under the severe circumstances, CNPC Oilfield Services' overseas business adheres to both epidemic prevention and production. The value of newly signed contracts in overseas markets increased significantly by 64% year-on-year, and revenue increased by 15%. Among them, the workload of drilling footage, three-dimensional geophysical prospecting, and directional wells increased by 14%, 46%, and 57% respectively, and a number of new records and new indicators were set.
Overseas business points are diverse and wide-ranging. Under the influence of factors such as the spread of the epidemic and the plummeting oil prices, CNPC Oilfield Services has carefully evaluated the overseas market situation, researched and deployed overseas production and operation work, and launched a series of targeted measures to prevent risks and stabilize production.
focuses on key markets and works intensively. CNPC Oilfield Services will focus on market development in key regions and countries, and consolidate and expand the high-end market in the Middle East. Based on the good cooperation in the early stage, Oriental Geophysical Prospecting continued to leverage its technical advantages such as efficient onshore three-dimensional seismic acquisition and global leadership in OBN business to further expand markets in countries such as the United Arab Emirates and Oman, and has successively won multiple large orders exceeding US$100 million. Bohai Drilling , Great Wall Drilling and Daqing Drilling continue to expand in the Iraqi market. As of mid-March, the value of completed contracts and the value of signed contracts in the Middle East market had increased by 81% and 157% respectively. The markets in Asia Pacific, Africa and Central Asia have all achieved steady growth.
keeps overseas project operations smooth and orderly. Faced with the impact of the epidemic, the overseas project department suspended personnel shifts, carefully formulated production and operation guarantee measures, gave full play to the role of the battle fortress of the party organization and the vanguard and exemplary role of party members, implemented prevention and control plans, and ensured the smooth operation of the project. The KET-25 well drilled by the Western Drilling Kizi Project Department has set a record for the deepest well in the Kizi area. The HF0240-K0240H1 well drilled by Bohai Drilling in Iraq had a completion period of 42 days, setting a record for the fastest construction of the horizontal well in Halfaya. Great Wall Drilling successfully completed the 5,658-meter construction task in the United Arab Emirates in 36.17 days, 11 days shorter than the design period.
Strengthen precise inspections of epidemic prevention and control. Currently, there are 2,970 CNPC Oilfield Service employees on duty in countries where epidemics have occurred overseas. CNPC Oilfield Services has established a three-level linkage mechanism to unblock information channels, find out the bottom line, and investigate risks. It has established grid management of personnel and sites, strictly controlled the flow of personnel, properly prepared personnel transfer plans, and implemented detailed risk control measures to ensure that Missing one person. So far, no confirmed or suspected cases have been found among the more than 30,000 Chinese and foreign employees of CNPC Oilfield Services overseas.
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