Sinopec Oilfield Service Corp - Company Profile
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Business Description
Sinopec Oilfield Service Corp (SOSC), a subsidiary of China Petroleum & Chemical Corp, provides integrated and full industrial-chain oil field services covering the whole life cycle of oil and gas field exploration.
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R&D Overview
SOSC's research and development (R&D) operations focus on strengthening its technological base and improving its exploration and production capabilities. In FY2024, the company filed applications for 1,034 patents, including nine foreign patents, and received licenses for 779 patents. It formulated and revised four national measurement technical standards and seven petroleum industry standards. The company established the Petroleum Drilling (Logging) Sub-Technical Committee and developed the "MSAMR-175 Azimuth Resistivity Boundary Detection Instrument for Drilling," which was recognized by the National Energy Administration. The company applied its self-developed rotary steering in 286 wells, supporting high-temperature shale gas wells, and promoted low-cost technologies like continuous tubing sidetracking and casing drilling. The company's research and development resulted in key technologies for non-oil-or-gas medium long-distance pipelines such as supercritical CO2 and large-scale hydrogen pipelines. SOSC also established a digital resource center for petroleum engineering, and launched the Beidou operation service platform to support digital development. In FY2024, the company spent CNY2,193 million on its R&D activities, which as a percentage of revenue stood at 2.7% and grew 8.6% YoY.
Business Segments
- Drilling Engineering
- Geophysics
- Logging and Mud Logging
- Special Downhole Operations
- Engineering Construction
- Unallocated
Overview
Offers integrated drilling solutions including, drilling, drilling design, directional drilling, Cementing and well control services among others. Has a presence in China, the Middle East, North Africa, Central Asia, Southeast Asia and South America.
Performance
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Overview
Offers marine and terrestrial geophysical exploration, development and technical services. Its portfolio includes data acquisition, processing, interpretation, equipment manufacturing, research and development and reservoir services. It serves oil and gas customers in Middle East, Africa, Central Asia, South America.
Performance
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Overview
Offers reservoir discovery and production monitoring services including pre-drilling prediction, post-drilling evaluation and real-time acquisition and monitoring. Its operations include acquiring logging data, processing and interpreting, handling special instruments and software; and researching on methodology. Holds expertise in offering downhole telemetry, gamma-ray spectrometry, data processing, logging equipment and wellsite information transfer technology and others.
Performance
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Overview
Provides technical and construction services for oil engineering, including oil and gas testing, well repair, lateral drilling, fracturing, acidizing, and oilfield assignments.
Performance
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Overview
Provides a range of services for onshore and offshore oil and gas fields including feasibility studies, design, procurement, construction and long-distance pipeline projects. It has completed various projects in Saudi Arabia, Algeria, Ghana, Kenya, Brazil and others.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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