Brief Introduction to the Company
Sinopec Zhongyuan Petroleum Engineering. Ltd, (hereinafter referred to as ZPEB) is a company set up on Dec 28th 2012 by following Sinopec’s reorganization and integration strategy and completely separating the entire petroleum engineering service sectors from Zhongyuan Petroleum Exploration Bureau or Zhongyuan Oilfield. The reorganized ZPEB is mainly engaged in such petroleum engineering services as drilling, workover, cementing, mud logging, wire line logging and tubular tools service. It owns 72 kinds of special technologies and can undertake the turnkey wellbore projects in several systems as drilling of deep and horizontal wells and drilling of gas wells at high-sulfur gas reservoirs, acid fracturing, perforation and production, wire-line logging in complicated fractured reservoirs and multi-layer fracturing in unconventional oil/gas reservoirs, ZPEB has about 23,300 employees, 12.207 billion yuan of assets, 2,023 sets of equipment and 247 sets of various drilling and workover rigs with the annual production capacity of 20 billion yuan and is one of the biggest onshore drilling companies in China.
ZPEB is a member of International Association of Drilling Contractors (IADC) and China International Contractors Association. It has been working in overseas markets since 1992, and is one of the first Chinese petroleum enterprises entering overseas markets. By the end of 2018, it had 116 operating crews performing contracts of petroleum engineering services in 11 countries such as Saudi Arabia, Kuwait, United Arab Emirates, the Republic of Congo, Uganda, Yemen, Kazakhstan, Indonesia, Thailand and Ecuador, having a workforce of approximately 2,888 Chinese employees and 2,799 expatriate employees at overseas projects. ZPEB has successively accomplished 1012 petroleum engineering projects in overseas countries and accumulatively concluded contracts valued at USD 9.038 billion and achieved revenue of USD 7.69 billion. ZPEB has been ranking as the top 50 strongest Chinese international engineering contractors for 14 consecutive years since 2000, and has been ranking as one of the top 250 strongest international engineering contractors by the Engineering News Record (ENR) for 12 consecutive years since 2007.
ZPEB International is affiliated to ZPEB and performs the unified management of overseas projects on behalf of ZPEB. Over the past years, ZPEB International is committed to building the global leading contractor of petroleum engineering and technical service, adhering to the business concept of "standardized management, mutual benefits and win-win cooperation, footholding at overseas projects and making long-term development", striving to build the globally first-class technological brand. It has established a long-term stable partnership with such globally well-known companies as Saudi Aramco, Total, Halliburton, Baker Hughes, Schlumberger and Malaysia Petronas, etc., contracting all the lump-sum drilling projects of Saudi Aramco and becoming the biggest comprehensive petroleum engineering contractor in Yemen and the biggest onshore drilling contractor in Saudi Arabia.
ZPEB international is willing to offer safe and efficient service to the clients both at home and abroad with its excellent equipment, exquisite technology and standardized management on the principle of friendly cooperation and mutual benefits.