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Daqing oilfield drilling company win the bid
09/04/2019
Heilongjiang daily news on April 4, recently came good news from the international business department of daqing oilfield drilling co., LTD.Daqing drilling has repeatedly won international oil service contracts, in addition to its own technical improvement, there is an objective reason, the recovery of the international oil service market. Thanks to the recovery in oil prices, the global oil service market has been gradually recovering since late 2018. In 2018, daqing drilling project department of rumaila signed a contract for 20 total contracted Wells. The recovery of the oil service market is evident.
According to RystadEnergy, the world's leading energy research institute, the global oil service industry has reached a new historical inflection point. A set of survey data shows that in six years, the global oil service market is expected to return to the level of 2014, reaching $920 billion. This means that the international oil service market will recover rapidly. In the next six years, the oil service market will show an upward trend and recover at an average annual rate of 20%.
From the international three oil service financial results also confirmed this. Compared with a year ago slightly tired, the international oil service giants at this time to show the high-spirited. In the context of stable and recovering oil prices, many global oil service companies have improved their performance in 2018, such as giants schlumberger, halliburton and baker hughes, with net profit of $2.138 billion, $1.657 billion and $195 million respectively, achieving full staff profit.
KINGWELL OILFIELD MACHINERY CO.,LTD
Email:kingwell@kingwelloilfield.com
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