24  November  2017

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 Infopetro -> Industry in Focus


China Becomes One of The Biggest Oil Drilling Contractors in Kuwait

  07/26/2017

The huge amount of Chinese-made oil equipment imported by

Kuwait shows the country's support for Chinese

manufacturers in the field and breaks the monopoly of US

and Europe in the Middle East oil sector, the People's

Daily reported on Sunday.

As of end of the first quarter, Chinese enterprises had

won contracts for 64 projects in Kuwait, covering such

sectors as oil field services and exploration,

infrastructure and telecommunications, with total value

of $13.7 billion.

New contracts reached $3.01 billion in the oil drilling

sector in the first quarter, becoming landmark projects

in China-Kuwait cooperation, the report said.

Kuwait has so far bought Chinese-made rig equipment worth

more than 4.3 billion yuan ($635 million), it noted.

Entering the Kuwait market in 2008, Zhang Congbang,

manager of the Kuwait subsidiary of Sinopec International

Petroleum Service Corp (SIPSC), said his team has

transformed the Chinese enterprise's image and become

the biggest rig contractor in Kuwait.

"When we arrived, the Kuwait side didn't show much

interest in us and worried whether Chinese companies

could complete projects with an expected high level of

quality," Zhang was quoted as telling the People's

Daily.

To break the monopoly of the US and Europe in the rig

market in the Middle East, Zhang and his team worked with

domestic manufacturers to understand the technological

aspects required, helping them establish an

internationalized quality system.

The team also engaged with executives of Kuwait Petroleum

Corp (KPC) to introduce the technological index and data

of domestic equipment, and they invited the Kuwait side

to inspect Chinese factories and learn the standard of "

made in China".

"KPC agreed to use some Chinese rig equipment on a trial

basis. Finally, the first-rate quality and reasonable

price of domestic products won recognition from Kuwait,"

Zhang was quoted as saying in the report.

The Kuwait subsidiary of SIPSC signed a big rig agreement

worth $1.15 billion in 2014 when the international oil

price slumped, rising to become the biggest rig

contractor in Kuwait.

At present, the company owns 53 drilling rigs, taking up

more than 45 percent of the Kuwait market, according to

the report.



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