Dongying oil equipment booming

Drying equipment

In the first half of this year, the demand for large-scale drilling equipment and large-scale complete sets of equipment in the international market was relatively strong, which drove the vigorous development of the Dongying oil equipment industry.

According to statistics, Dongying Petroleum Equipment Manufacturing Co., Ltd. achieved a current price of 33.69 billion yuan in the first half of the year, an increase of 31.4% year-on-year. Among them, the main business income in June was 9.09 billion yuan, profits and taxes of 1.29 billion yuan, and profits of 880 million yuan, up by 18.0%, 30.4%, and 37.2% year-on-year respectively. The sales ratio was 96.5% in the first half of the year, an increase of 0.9 percentage points year-on-year.

Shengli Highland Company has sufficient orders for belt pumping units, screw pumps and sucker rods, which have been scheduled for production at the end of the year; orders for drilling rigs have increased significantly compared to 2011. Sinopec received 10 orders for rigs in this year; orders for petroleum pipes remained basically unchanged from last year. . Great progress has been made in the development of the international market of the company, which has increased the number of cooperation orders with foreign oil companies, and increased the export volume of high-end products such as insulated oil pipes, high-grade steel casings, and special threaded oil casings.

In the first half of the year, the overseas market signed a total of US$110 million in contracted orders, which achieved sales revenue of US$60.09 million, a year-on-year increase of 66%.

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