Project Of Oilfield-used Patent Technology Bit
Name of project: Oilfield-used Patent Technology Bit Project of Mudanjiang Zhongyuan Drilling & Exploitation Co., Ltd.
Scale of project: Annual output of product: tricone bit: 10,000 pieces; PDC (Diamond) Bit: 2,000 pieces.
Brief description on the project: The project needs little investment, the return is fast and the technological content is large. The project applies many kinds of patent techniques, which are leading internationally. For disc harrow-tooth bit technology, the placement manner and cutting manner of tooth have been improved greatly, the drilling speed and service life of bit have been increased; Anti-fall slide bearing roller bit effectively lowers the rate of accident that roller falls into well, reduces drilling cost, it is welcome by wide oilfield users. The tricone bit of our company will be researched and manufactured strictly in accordance with industrial standards and sealed by one of the world most advanced sealing techniques-metal face. Product structure is reasonable and unique, the technical content is high, the development period is long and the technique is hard to be replaced. The product is technically proprietary and confidential, in combination with patent protection, product may realize scale production quickly. The products have the following advantages: large market potential, high added value, marked economic benefit. Advanced technology, high finished rate, powerful market competition capacity, saving resource and lowering labor strength.
Sales direction of product: Peripheral land oilfield and oilfield in shallow sea. The company will strengthen the sale of products in such international markets as Southeast Asia, Indonesia, Kazakstan.
Investment estimate and fund source: The total investment is US$14.286 million, in which, US$2.857 million will be raised by the company, US$11.428 million will be introduced.
Cooperation means: Joint venture, cooperation.
Estimated economic benefit after the project construction is completed: The sales income is US$17.14 million, the profit is US$2.786 million, the tax is US$1.37 million and the investment recovery period is 5 years.
Brief introduction to domestic investor:
1. Present enterprise situation: Mudanjiang Zhongyuan Drilling & Exploitation Co., Ltd. owns Mudanjiang Petroleum Subsurface Tool Co., Ltd. and Mudanjiang Zhongyuan Petroleum Machinery Factory, it is a modernized enterprise integrating technology, industry and trade. The company passed ISO9001 Quality System Certification in 1996, in 2002, it passed the API certification.
