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Sichuan Daily: Honghua Established Petroleum Drilling and Extraction Alliance

soruce:manager    click:3048    time:2013-07-31

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The?Sichuan?Petroleum?Drilling?and?Extraction?Alliance,?an?alliance?of?over?40?Chinese?scientific?research?institutions?and?companies,?was?established?on?May?29.?Led?by?Sichuan?Honghua?Petroleum?Equipment?Co.,?Ltd.,?the?Alliance?includes?Southwest?Petroleum?University,?CNPC?Chuanqing?Drilling?&?Exploration?Co.,?Ltd.,?and?CNPC?Southeast?Oil?&?Gas?Field?Branch?Company,?etc.?It?targets?shale?gas?development.?

Initial?collaboration?within?the?Alliance?will?be?mainly?in?equipment?manufacturing.?It?plans?to?eventually?provide?drilling?and?extraction?services.?Each?of?the?Alliance?members?will?collectively?shoulder?scientific?and?research?topics?of?interest?to?the?State?or?major?projects,?with?open?sharing?of?industrial?and?intellectual?property?rights?as?well?as?industry?policy.?Priority?will?be?given?to?Alliance?members?with?respect?to?projects?undertaken?by?individual?members?and?product?needs.?

Demand?for?petroleum?drilling?and?extraction?equipment?has?been?rapidly?growing?in?recent?years.?The?market?will?grow?further?with?the?exploration?and?extraction?of?shale?gas.?It?is?the?aim?of?the?Alliance?to?achieve?total?sales?production?of?RMB?30-50?billion?within?the?next?3?to?5?years,?and?to?establish?Sichuan?as?the?premier?production?and?service?base?for?oil?and?gas?drilling?and?extraction?equipment,?both?domestically?and?worldwide.

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