workover rig auction made in china

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The land drilling market worldwide is structured primarily as a rental market, not a sales market, where land drilling companies lease their rigs to E&P companies for an agreed period of time – weeks, months, or years – at a day-rate. The rigs are then used to drill wells and execute the E&P’s drilling programs.

Drilling opportunities are analysed and explored in order, leaving a series of dry holes, until a discovery is made. It is rare for an E&P company to actually own the rigs which they operate, but there are some exceptions such as Chesapeake, who will purchase their own fleet of rigs.

Investors require a minimum level of return for their investment dollars in drilling operations, and typically equate cost with risk. These turnkey drilling contracts may limit risk by guaranteeing a minimum number of wells that can be drilled with the rig. The contract will also outline how the rig can be used – including the pieces of equipment, when to change pieces, temperature and pressure tolerances and the weight of mud.

Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet. It also has the largest number of high-specification rigs (including new AC rigs and refurbished SCR rigs) and custom rigs, built to withstand challenging conditions such as extreme cold, desert and many complex shale plays.

Headquartered in Tulsa, Oklahoma, H&P is a global business with land operations across the US, as well as offshore operations in the Gulf of Mexico. It is engaged primarily in the drilling of O&G wells for E&P companies, and recognised for its innovative FlexRig technology.

Patterson-UTI operates land based drilling rigs, primarily in O&G producing regions of the continental US, and western Canada. The company also provides pressure pumping services to US E&P companies and specialist technology, notably pipe handling components, to drilling contractors globally.

Precision is an oilfield services company and Canada’s largest drilling rig contractor, with over 240 rigs in operation worldwide. The Company has two segments. The Contract Drilling Services segment operates its rigs in Canada, the United States and internationally. The Completion and Production Services segment provides completion and workover services and ancillary services to O&G E&P companies in Canada and the US.

Pioneer operates a modern fleet of more than 24 top performing drilling rigs throughout onshore O&G producing regions of the US and Colombia. The company also offers production services include well servicing, wireline, and coiled tubing services – supported by 100 well-servicing rigs, and more than 100 cased-hole, open-hole and offshore wireline units.

In Texas, generally considered to be the centre of US land drilling, RigData reports that there are currently 678 active rigs – split between Helmerich & Payne (160), Patterson-UTI (85), Nabors (64), Precision Drilling (39) and 77 other drillers (330).

Most new onshore rigs, both drilling and work over rigs, are built by OEMs in China. In the US, the larger vertically integrated land drillers have in-house manufacturing operations, so they will outsource some equipment construction, but assemble the new rigs at their own facilities. The leading provider of US newbuild rigs is National Oilwell Varco.

The secondary market, where existing rigs are sold, is largely auction dominated with mostly older rigs changing hands. As a rule, the big land drillers do not sell their newbuild rigs, as each has their own flagship designs.

The universal joint is a necessary lifting tool for hanging the drill pipe and connecting the hose during workover. There are SL35, SL60, SL90 and SL135 models. They are designed and manufactured according to API Spec 8A / 8C.

As a China top oil drilling rig solids control system manufacturer: GN Solids Control now list the top 10 oil drilling rig manufacturers for your reference.

equipment in China, is the earliest established, largest and most powerful oil drilling rig and production equipment developer and manufacturer under CNPC, the largest research and production base of land rigs and series mud pumps in the world, and also the largest and most powerful base for R&D and production of wire ropes for special purposes in China.

Lanzhou LS-National Oilwell Petroleum Engineering Co. Ltd. (LS-NOW for short) is a Sino-American Joint Venture established between Lanzhou Petrochemical Machinery Equipment and Engineering Group Corporation (LS Group) and National Oilwell International, Inc. (NOI). Scope of business: design, develop and manufacture complete land and offshore drilling rigs and workover rigs, and provide equipment package, components, fittings, parts and full services.

Main products: serial drilling rigs that are electrical or mechanical or electrical-mechanical compounded driven and suitable for different applications such as land, shallow, offshore and desert and meet the requirements of drilling and workover services. The drilling depth ranged from 1000 to 9000 meters.

Sichuan Honghua Petroleum Equipment Co., Ltd., established in 1997, is a subsidiary of Honghua Group which has been listed successfully in the Stock Exchange of Hong Kong. The company has been engaged in research, design, manufacturing and general assembly of oil drilling rig and equipments for oil exploration and development. Now it is the world’s second land drilling rig manufacturer, and China ‘s largest exporter of drilling rigs.

The company owns five subsidiaries totally in home and abroad, with 3600 employees. Company headquarter is located in Deyang City, Sichuan, a heavy-duty equipment base in China, which covers an area of about 1,000 mus, and with more than 2,200 employees, annual output of 150 drilling rigs and 600 mud pumps etc. Its production capacity is up to 8 billion RMB production scale.

The company produces mainly various land drilling rigs for drilling 1000m to 9000m wells and offshore drilling modules– DC drive drilling rig, AC VF electric rig, mechanical drilling rig, composite drive rig, trailer mounted rig and independent RT electric drive drilling rig, as well as their matched equipments, i.e. drilling pumps, traveling block system, solid control system, electric control system etc.

RG PETRO-MACHINERY (GROUP) CO. LTD is one of the largest manufacturers for petroleum drilling rig equipment in China. It is a stock company, reorganized from Nanyang petroleum machinery plant (former No.2 Petroleum Machinery Manufacturing Plant of National Petroleum Industrial Ministry of China). As a former national technical equipment production base, authorized by former national economic and commercial committee of China, RG PETRO-MACHINERY (GROUP) CO. LTD has become a company for national new product trial production of China, light-duty drilling rigs production base of SINOPEC and a high-tech enterprise in Henan Province.

RG PETRO-MACHINERY (GROUP) CO. LTD, with its technical center, information center and quality inspection center at provincial level, has possessed 16 production plants for forging, metal machining, heat treatment, steel-structure manufacturing, general assembly, painting and new product trial production, and 3 comprehensive testing sites for drilling rigs as well as 2 Sino-American joint ventures and 2 share-holding joint ventures.

SJ Petroleum Machinery Co. , one of petroleum drilling  rig and production equipment backbone manufacturers and Manufacturing Base for National Key Equipment (Workover, Cementing and Fracturing Equipment) recognized by National Economy and Trade Commission, has provided lots of advanced equipment to domestic customers in lieu of expensive imported equipment, and played an important role in increasing profits of petroleum industry and decreasing domestic oilfield development cost.

Our company Shandong Kerui Holding Group is located in Shengli Oilfield the second largest oilfield in China. Our company arranges a wide range of businesses covering the scientific research and manufacture of the petroleum drilling equipment and oilfield engineering technical service. The main products manufactured and supplied include drilling equipment, Oil pumping equipment, Special equipment for oilfield, Oilfield tubing system and auxiliary machines and tools. We can manufacture various workover rigs and drilling rigs with drill depth from 3000m to 9000m. All products meet API standard. Our company has been granted API Certificate, ISO 9001: 2000 Quality System Certificate, HSE Certificate, and also got International Petroleum Engineering Management qualification certificate issued by the Ministry of Commerce of China.

The main products manufactured and supplied include oil drilling rig equipment, Oil pumping equipment, Special equipment for oilfield, Oilfield tubing system and auxiliary machines and tools. We can manufacture various workover rigs and drilling rigs with drill depth from 3000m to 9000m. All products meet API standard. Our company has been granted API Certificate, ISO 9001: 2000 Quality System Certificate, HSE Certificate, and also got International Petroleum Engineering Management qualification certificate issued by the Ministry of Commerce of China

(shanghai) petroleum equipment co., ltd. is established on august 2001. the 3h is the first rig manufacturer that introduces ship-building technology to the fabrication of petroleum equipment.

Drilling Rig: Highland Company Drilling Rig Plant has advanced key facilities and assembly workshops for manufacturing rigs and it has enough test sites for assembling 12 sets of large scale drilling rigs at the same time，5 series (ZJ20~ZJ70, including 18 types) of drilling rigs have been developed and manufactured. These developed and manufactured products consist of mechanical drive, DC driven, AC VF drive and Electromechnical drilling rigs, which can handle the well with depth of 1500- 7000m in most of the large oilfields both at home and overseas.

Chinese offshore drilling contractor China Oilfield Service Ltd has chartered a jack-up workover rig to carry out well service operations for CNOOC Ltd in the western part of the South China Sea.

The charter of the Guozhan unit is the latest effort by SinoOcean Offshore Assets Management to secure employment for offshore rigs built by Chinese yards but abandoned by their original owners.

SinoOcean is a government entity set up in 2019 with a mission to “consolidate, optimise, remodify and manage” offshore rigs, vessels and other assets ordered but stranded in China following the oil market downturn between 2014 and 2016.

SHANGHAI/HANOI (Reuters) - A Chinese oil rig has finished drilling near the disputed Paracel islands in the South China Sea after finding signs of oil and gas and is being moved away from the area, more than two months after its deployment damaged relations with Hanoi.Chinese ships are seen on the horizon guarding the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig (2nd R) in the South China Sea, July 15, 2014. REUTERS/Martin Petty

The Vietnamese coastguard said the $1-billion rig had been towed from contested waters. China’s official Xinhua news agency said the rig would be relocated off the southernmost island province of Hainan. It gave no timeframe.

The rig’s relocation could reduce tensions between the two neighbours after one of the worst breakdowns in ties since they fought a brief war in 1979.

Its movement toward Hainan is also likely to be welcomed by Washington, which had criticised China’s decision to put the rig in waters disputed with Vietnam, calling it a “provocative” act.

Hanoi had said the rig was in its 200-nautical-mile exclusive economic zone and on its continental shelf. Beijing had said it was operating completely within its waters around the Paracel islands, which China occupies.

China National Petroleum Corporation (CNPC), the country’s dominant oil and gas producer, said in a statement the rig “smoothly completed” its drilling on Tuesday and found signs of oil and gas. The next step would be to analyse the geological data and evaluate the layers of oil and gas, it said.

China had previously said the rig was scheduled to explore the waters around the Paracels until mid-August. It was not clear why it had finished one month ahead of schedule, although Xinhua said July was the beginning of the typhoon season.

Wu Shicun, president of the National Institute for South China Sea Studies, a Chinese government think tank on Hainan, said he believed the rig completed its work ahead of schedule because of good weather before the typhoon season began. “The place has fairly good oil and gas potential. It looks promising,” said Wu, an expert on China’s energy ambitions in the South China Sea.

The rig was towed from its original position overnight to beyond what Hanoi considers its exclusive economic zone, Lieutenant-Colonel Ngo Minh Tung of the Vietnamese coastguard told a small group of reporters on one of the maritime agency’s ships in the area.

On Tuesday, the same coastguard vessel was chased off by a group of Chinese ships in what had been a near daily cat-and-mouse routine between boats from both sides since the rig was deployed on May 2. Vietnamese Prime Minister Nguyen Tan Dung demanded that China not send any more rigs into Vietnamese waters.

The deployment was a major test for Dung, especially when deadly anti-Chinese riots broke out in Vietnam in May, triggering protests from China. Several people were killed.

It is China’s newest and most advanced rig, and can drill in waters up to 3,000 m (9,840 ft) deep, about double that of the other two rigs China uses for deep sea work, industry sources say.

Chinese industry experts have said the rig had a good chance of finding enough gas to put the area into production. That would give China its first viable energy field in the disputed South China Sea, but make it a source of friction with Hanoi for years to come.

Vietnam has two fields to the left of where the rig had been stationed, much closer to its coast, where U.S. giant Exxon Mobil Corp discovered oil and gas in 2011 and 2012.

ZPEC 2000HP Workover Rig VFD possess excellent driving properties in desert, mountain and other impassable terrains. Their exceptional mobility, stability, and ease of operation are the outcome of our extensive experience in the design and production of mobile drilling rigs. ZPEC 2000HP Workover Rig VFD is real workhorses, perfectly adapted to operate in even the roughest environments.

ZPEC 2000HP Workover Rig VFD is used in the heaviest application, such as complete well work-over operations, whereby a well is killed (production stopped) and tubing and completion equipment is removed. A Workover Rig is similar to a hoist or a telescoping tower secured with wires, that allows pipe and down-hole equipment to be run into and out of a well.

VFD rigs help advanced drilling technologies such as pad drilling, horizontal drilling and directional drilling. ZPEC VFD rigs come with high level of automation that involves automated drilling pipe handling, drill pipe connection and auto drilling.