The independently developed high-temperature top-mounted MWD instrument kept working in the well, and all indicators met the customer's requirements, successfully achieving the goal of directional drilling.
This accelerates global layout, and further expands our influence in the global energy sector, marking a crucial step in our overseas development strategy.
The high-temperature resistant downhole motors set two new records in key oil and gas projects of China's Deep Earth Engineering: the maximum measured depth of 9,432 meters for the deepest well in Asia, and the horizontal displacement for ultra-deep drilling.
DUPT made its initial public offering (IPO) of A shares and was listed on the ChiNext Board of the Shenzhen Stock Exchange (stock code 301158).
The Company was officially listed on the National Equities Exchange and Quotations, providing a broader space for its development.
The company entered into a strategic cooperation with Yantai Jereh Oilfield Services Group Co.,Ltd., embarking on a more promising development path of diversified equity structure.
Approved by the Shareholders' Meeting, construction of the new factory in the South Section of Jinghua Road, Economic Development Zone, Dezhou City, Shandong Province was launched. In September 2008, the company was relocated.
Amid the nationwide wave of separating core from non-core businesses and restructuring state-owned enterprises, Dezhou United Petroleum Machinery Co., Ltd. was officially established, and DUPT was reformed from a state-owned enterprise to a joint-stock company.
From the start of R&D in May 1987 to mass launch on the market, our downhole motor products have gradually matured. It was successfully developed in August 1992, and passed type approval tests and ministerial-level appraisal. Today, downhole motors have successfully ranked among the best in China.
At its inception, DUPT started as the repair factory for the first prospecting and exploration team of Ministry of Geology. With only 3 machines and less than 90,000 yuan, a dozen pioneers dedicated themselves with great passion to the great cause of changing the oil-scarce landscape.
At its inception, DUPT started as the repair factory for the first prospecting and exploration team of Ministry of Geology. With only 3 machines and less than 90,000 yuan, a dozen pioneers dedicated themselves with great passion to the great cause of changing the oil-scarce landscape.
