KERUI Petroleum successfully won the bid for the annual gas injection project at the Tarim Oilfield and the contract value is more than 100 million RMB. This is the second consecutive year that KERUI Petroleum provides this gas injection and production increase service for Tarim Oilfield Company enhancing KERUI’s presence in Xinjiang region, China’s biggest domestic producer of oil and gas.
“The Tarim Oilfield has very strict requirements on the construction site, not only for the amount of equipment on location, but also for its more than 10 years of construction and management experience. KERUI Petroleum’s engineering team won the customer’s trust and recognition with its strong knowledge, skills and solid resource integration capabilities,” Bin Ba, Project Manager said.
In order to help the client achieve its 2018 oil production target, KERUI Petroleum oilfield services sent a team of experts to the site to carry out analyzes and have deep conversations.
In response to the characteristics of Tarim Oilfield, KERUI provided the customer a tailored nitrogen injection and stimulation technological solution. This technology recognizes the ‘attic oil’ on the top of the gravity displacement oil reservoir, which greatly improves the comprehensive oil recovery of the block and reduces the cost per ton.
In recent years, KERUI’s oil and gas market has achieved fruitful results. With KERUI’s experience, technology and services more old oilfields have recovered their productivity. KERUI Petroleum has open more doors in new countries and regions worldwide.
In Colombia, KERUI Petroleum provides thermal control technology for heavy oil recovery, combined with shell insulation and nitrogen and steam injection technology, achieving success in 556 wells. In one well, during the construction period, the average production was increased by 2,600 barrels. It has a complete set of heavy oil development solutions for be customized to customer’s needs.
In Iraq, KERUI Petroleum has studied the characteristics of the M reservoir and the structure of the well. And it has been using new steering systems, flexible tubing, nitrogen stimulation and injection to increase production. In mature fields, they have recovered and maximized production by more than ten times.
“KERUI Petroleum Service has more than 200 engineering and technical service teams, covering at least 100 oil and gas blocks, with a market share of nitrogen service in China of 79%, which has become an emerging international force in oil field services. KERUI continues to provide customers with oil and gas field production solutions and integrated services using the customer-oriented marketing concept, and relying on the continuous technological innovation, achievements and research of its Petroleum Engineering and Technology Research Institute. Facing new markets, new opportunities and new challenges, KERUI Petroleum service is ready to go,” said Tongwu An, President of KERUI Petroleum.
Wellhead and X-tree project valued on more than one million US dollars
The company announced the award by P customer in Thailand of a wellhead and Christmas tree project valued on more than one million US dollars. This follows the contract award to WEFIC, a KERUI group company, by P customer for the supply of wellhead trees in a five-year project. This expands the participation of WEFIC in the Southeast Asian market and increase the exposure of KERUI in the same region.
“Customers’ high recognition of product quality of KERUI WEFIC’s wellhead and trees and the Singapore technical team’s professional design capabilities were the keys to the project’s winning bid. KERUI Petroleum’s strong processing capability combined with our management competence place us in a position to deliver a product of great quality with a smooth and on time delivery as we have done in previous offshore platform cooperation projects getting our customers’ trust,” said Zongbin Zhang, General Manager, KERUI Petroleum Southeast Asia Branch.
For the future development of Southeast Asia market, KERUI Petroleum is ready to provide oil and gas field production solutions and integrated services. Using the customer-oriented concept, and relying on an efficient project execution and complete supporting service system help ensure the customer’s project vision and goals are realized.