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
The company’s research and development (R&D) operations focus on strengthening its technological base and improving its exploration and production capabilities. Its R&D capabilities include integrated engineering technologies for exploration and production (E&P) of shale gas, E&P technologies for shallow water areas, E&P technologies for high acid gas, extraction from CBM, E&P technologies for tight reservoirs and E&P technologies for ultra-deepwater drilling. In FY2022, SOSC’s R&D expenses stood at CNY1,839.0 million, which grew 10.1% YoY and stood at 2.5% of the company’s revenue. As of December 2022, it applied for 979 patents and was granted 787 patents.
Business Segments
- Drilling Engineering
- Engineering Construction
- Geophysics
- Logging and Mud Logging
- Special Down-hole Operations
- Geophysical
- Others
Overview
Offers integrated drilling solutions including, drilling, drilling design, directional drilling, Cementing and well control services among others. Provides work material support, including drilling coring tools, drilling bits, downhole drilling accelerators, end liner hangers and drilling precision instruments. Has presence in China, the Middle East, North Africa, Central Asia and America.
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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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.
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
Offers reservoir stimulation, oil test, overhaul sidetrack drilling, coiled tubing, intelligent completions and other services.
Performance
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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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