Central Plains overseas "big" step to "strong"

While seeking for a “bigger” scale, the overseas market of Zhongyuan Oilfield is striding toward the goal of “strengthening” and “doing excellence”.

The heat has disappeared and the autumn is getting stronger. For the overseas business of Zhongyuan Oilfield, which has undergone the financial crisis, the fall of this year is full of hope for harvest.

In the first half of this year, the newly signed contract value of the Zhongyuan Oilfield overseas market was 707.4 million U.S. dollars, an increase of 65.28% year-on-year, and the annual market development task was completed in advance. Since August, the overseas oil field markets have been enjoying good news. In addition to the old markets such as the Middle East, Africa and Central Asia, which have continued to grow, they have also gained market share in South America and Central America. The large scale of EPCC that the oil field ground engineering team harvested in overseas markets further reflected the strength of the oil field's overseas contingent comprehensive contracting.

The overseas market of Zhongyuan Oilfield is striding toward the goal of “strengthening” and “doing excellence” while seeking to “scale up”.

Restore and consolidate the old market

In 2009, the financial crisis led to a decline in energy demand and a decrease in the price of crude oil. As a result, major oil companies in the world have reduced their exploration investments. At one time, 116 overseas oil project teams in Zhongyuan Oilfield had 55 companies suspended. A person in charge of an overseas project said that if it is unable to maintain a certain market size and allow a large number of rig equipment to idle, the operation of overseas oilfield projects is bound to be seriously affected.

At the beginning of this year, Zhongyuan Oilfield took the opportunity of the international oil engineering market to pick up and took the initiative and tried hard to fight for the construction team to resume construction as soon as possible and consolidate and expand the old market. Obviously, for overseas petroleum engineering teams, expanding is a strong foundation. Restoring and consolidating the old market and ensuring the unshakable foundation of overseas markets are still the indispensable main theme.

To this end, Zhongyuan Oilfield actively adjusted its market structure. According to the development prospects of the market, cross-regional and cross-border adjustment of teams, adjustment of Ethiopian drilling rigs and geophysical equipment to Sudan; adjustment of Saudi SINOPEC-192 and SINOPEC-9 drilling teams to Indonesia and Kuwait; adjustment of Nigerian rigs to Iran. Through hard work, the operating rate of overseas teams in the Zhongyuan Oilfield in the first half of this year increased by 16% from the beginning of the year.

At the same time, Zhongyuan Oilfield insisted on paying close attention to the dynamics of old markets such as Sudan, Yemen, Kazakhstan, and Ecuador, established regular communication and reporting mechanisms with Party A, and actively participated in bidding. Since the first half of the year, the oil field has completed 5 bids in Sudan, and has signed and renewed 30 contracts with a contract value of more than 200 million U.S. dollars. In Yemen, 7 bids were completed and 10 new contracts were signed. Five bids were completed in Kazakhstan, and 11 new contracts and renewed contracts were signed. In addition, the oil field won the tender for 10 wells of the ADA Oil Company in South Korea and 16 teams were restarted, effectively expanding the development space for overseas markets.

The restoration and consolidation of these old markets ensured the foundation for the development of Zhongyuan Oilfield's overseas operations.

Multi-disciplinary cooperation

Not long ago, Zhongyuan Oilfield successfully won the bid for 3 wells in the 3113 oil block in Madagascar. The drilling company, the cementing engineering office, the geological logging office, and the geophysical logging company that undertake the construction of the project are carrying out the equipment rectification work in an orderly manner to prepare for the start of the next step. This is not only another major breakthrough for the oilfield in the foreign market, but also a gratifying step for the oil engineering team of Zhongyuan Oilfield to take the goal of creating a general contractor for the international petroleum project.

Achievements do not stop there.

This year, through active proactive cooperation with the development strategy of Sinopec Group Company, Zhongyuan Oilfield successfully developed new markets in Kuwait, Iran, and Mauritania. Kuwait won 7 rigs for 5+1 years, with a contract value of nearly US$400 million. , to become a new scale market. At present, the Zhongyuan Oilfield has increased from two countries to four in the Middle East market, achieving contiguous development and propelling half of the overseas markets of the Zhongyuan Oilfield.

In the past, the Saudi exploratory wells market has not been open to the Chinese well team for a long time. This year, Zhongyuan Oilfield actively advanced to the high-end market and successively participated in five bids for Saudi Aramco's wells, gas well drilling, and well exploration wells. Seven drilling rigs received a one-year extension contract, and two drilling rigs entered the exploration well market for the first time.

On the basis of maintaining the original workload, this year the oil field won the bid for the Korean KNOC drilling project for the first time in the Kazakhstan market. The logging project re-entered the international market and won the bid for the first time in Yemen for Kuwait Energy Corporation and Korea KNOC's drilling engineering service project. Pipe fittings projects also entered the service market outside the Zhongyuan Oilfield for the first time this year, and geophysical exploration projects won the bid for the first time in Ecuador for the 2D and 3D seismic data acquisition projects of ISMOCOL. The logging project built a laboratory for the identification of rock sheets in Yemen, expanded the market services, and enhanced the market competitiveness of the team.

Taking ground engineering as a breakthrough, the oilfields actively cultivate new economic growth points in overseas markets. The Zhongyuan Oilfield Overseas Ground Management Center established in the first half of this year created overall advantages and accelerated the development of overseas ground engineering operations. Since the beginning of this year, the center has successively participated in the bidding of 15 overseas ground engineering projects, and successfully won the bid for the Shaft MANIFA oilfield wellsite project, Saudi Arabia No. 3 pumping station design section, Burma D zone pre-drilling highway and camp construction and other five projects. The amount exceeds 100 million U.S. dollars. At this point, overseas ground engineering has also become a new economic growth point for the overseas market of Zhongyuan Oilfield.

At the same time, Zhongyuan Oilfield closely follows the pace of investment in the overseas oil blocks of Sinopec Group Company, actively participates in various engineering and technical services for overseas investment businesses, invests in elite troops, closely tracks the markets in Iraq, Libya, and Myanmar, and increases market bids. , And rely on the comprehensive technical capacity of the oilfield to form technical support advantages, and develop in the direction of integration of drilling, measurement, and recording petroleum projects.

In this process, the Zhongyuan Oilfield harvested not only a single paper contract order, but also demonstrated the extraordinary strength of multi-discipline collaborative operations of oilfield petroleum engineering teams.

"Charging" "Calcium supplement" is stronger

It is true that the Zhongyuan Oilfield has initially formed a gratifying situation in which the coordinated development of new and old markets, market size and operating quality have steadily improved. However, they also realized that the overseas oilfields must maintain the momentum of long-term development, and the expansion of the market scale alone is far-reaching. not enough. The increase in the number of construction teams does not mean that the overall competitive strength is enhanced, and "big" does not necessarily mean "strong."

Although the overseas market of Zhongyuan Oilfield now has a certain scale, the market foundation is still weak and the development momentum is still insufficient. Although the international market has begun to pick up, the international financial crisis has not been resolved and the international market competition will be fiercer. There are many unfavorable factors facing overseas oilfield projects. The outstanding problem is that due to the impact of oil price fluctuations, overseas oil and gas exploration and development investment will hardly return to the level before the financial crisis in the short term. The bidding price of petroleum projects will also drop again and again. This year drilling and workover and geophysical exploration bid prices have dropped by 15% compared with 2008. Kazakh well package bid prices have dropped by 8% on the basis of a 20% drop in the previous year. In addition, Party A has also increased the standards for equipment support, and has stricter requirements for personnel and engineering supervision. In particular, the competition in the high-end market in the Middle East is becoming more and more fierce, resulting in high costs, and the advantages of low-cost oilfield overseas projects are no longer available. Complex existence.

Practice has proved that to truly achieve simultaneous growth in the scale of oilfield overseas project markets and operating efficiency, the overseas construction team of Zhongyuan Oilfield must also persist in making meticulous management and connotation development, conscientiously learn from international advanced experience, and continuously use advanced management concepts. By charging and calcium supplementation, we have accumulated our strength for the sustained and effective development of our overseas business.

To this end, overseas projects of Zhongyuan Oilfield have passed rigorous assessment and hard cashing, mobilizing the enthusiasm of overseas employees to reduce costs and fees, and the overall profitability is gradually increasing. This year, the relocation period of the oilfield's overseas construction teams has been shortened by 9%, and the daily rate has reached an average of 99.8%. The average drilling speed of Kazakhstan's large wells has increased by 3.37 m/h, and the overall production value of Sudan's drilling has increased by 8.94%. Since the evaluation of the Kuwaiti project in April, the relocation rate has been significantly shortened from 6.95 days to 3.12 days, and the oil, relocation, and labor costs have all declined to varying degrees, laying the foundation for turning the project into a profit.

In addition, each overseas company in Zhongyuan Oilfield earnestly carried out monthly business analysis, conducted analysis of single wells, single teams, and single projects according to a unified template, enhanced vertical and horizontal comparison, and found gaps and potentials through comparison. In response to outstanding issues, the Oilfield held four video conferences on the analysis and management of overseas projects. Participation at home and abroad has played a good role in promoting overall business management.

At the same time, overseas oilfield projects have successively issued six assessment methods such as geophysical exploration and ground engineering projects, and overseas ground engineering projects have realized process control for the first time. Through the business assessment, the management of schedules, quality, safety, and costs has been strengthened, revenue recognition has been more timely, and business management has improved significantly.

Today, the overseas business of the Zhongyuan Oilfield, which has stood the test of the severe winter of the financial crisis, is making active efforts to compose symphony movements that are “bigger” and “stronger”, and makes a fruitful fragrance in the harvest season.