Sinopec Oilfield Service Corporation

Chinese state-backed provider of oilfield engineering and technical services

What Sinopec Oilfield Service does

Sinopec Oilfield Service helps oil and gas companies find and extract oil and gas. It runs seismic surveys to map what is underground, drills and completes wells, and tests and maintains them. It also designs and builds energy infrastructure such as pipelines, storage facilities and LNG projects, in China and abroad.

How Sinopec Oilfield Service makes money

It earns service and contract revenue from oil and gas producers, including its parent China Petrochemical Corporation, for geophysical, drilling, logging and well services. It also earns revenue from engineering, procurement and construction (EPC) contracts for energy and infrastructure projects.

Products & services

• Geophysical exploration (seismic data acquisition, processing and interpretation)
• Drilling and well completion services
• Well logging and measurement-while-drilling services
• Downhole operations: reservoir stimulation, well testing, workover and sidetracking
• EPC for oil and gas fields, long-distance pipelines and LNG projects
• Pressure vessel and drilling tool manufacturing