Data from the China Petroleum and Petrochemical Equipment Industry Association shows that as of November 2010, the total assets of the oil drilling equipment manufacturing industry was 108.271 billion yuan, an increase of 16.22% compared with the previous year, and the main business income was 100.906 billion yuan. Compared with the previous year, the growth rate was 16.82%, and the total profit was 6.545 billion yuan, an increase of 22.59% compared with the previous year. It is estimated that the oil and chemical equipment industry will grow by 15% in 2011, of which, the output value of oil drilling equipment manufacturing industry is expected to increase by more than 20%. A good market growth trend has given our petrochemical equipment industry an optimized structure and high-end product development, which has won a rare loose space. Increase in oil prices with hot oil and petrochemical equipment According to data released by the General Administration of Customs on crude oil and refined oil imports in January this year, China imported 21.8 million tons of crude oil in January, a year-on-year increase of 27.41%. This is the first time in recent years that imports have exceeded 20 million tons in January, compared to 2010. December also rose by 4.51%. In January, the average price of China’s crude oil imports reached 88.50 US dollars/barrel, up 18.33% year-on-year, and up 6.76% from the previous month. Under the expectation of rising oil prices, capital expenditures for exploration and production in the upper reaches of the oil industry have grown rapidly. The number of wells drilled and the number of wells drilled have also rapidly increased. This has driven the oil drilling equipment. According to data from the China Petroleum and Petrochemical Equipment Industry Association, in the three major sub-sectors of petrochemical equipment, drilling and production equipment has gained the best. From January to November 2010, the total industrial output value of the petroleum drilling equipment manufacturing industry, the refining and chemical equipment manufacturing industry, and the metal pressure vessel manufacturing industry increased by 20.97%, 18.78%, and 17.41%, respectively, and the industrial sales output increased by 20.36% and 19.24, respectively. % and 15.79%. Some analysts said that the excellent performance of drilling equipment is closely related to the steady increase in crude oil prices. In addition to the continuous increase in the price of crude oil, China is in a period of rapid growth in the construction of oil and natural gas pipelines, and many oil and gas pipelines are being intensified. A batch of large-scale petroleum and petrochemical projects, including 10 million-ton oil refining and one-million-ton ethylene, have been started or put into operation one after another. This has also brought a lot of market demand to the petroleum and petrochemical equipment manufacturing industry. In addition, the development of emerging strategic industries such as offshore oil has also injected new impetus into the petrochemical equipment manufacturing industry. Under the combined effect of the above factors, the growth space of petroleum and petrochemical equipment is generally optimistic. The development of petroleum and petrochemical equipment industry is uneven At present, the categories of China's oil and gas equipment are relatively complete, and the specifications and varieties can basically meet the needs of onshore oil exploration and development. From the aspects of production capacity, output, output value, variety specifications and employees, China is already a big country in the production of oil and gas equipment. It is understood that China can already export more advanced variable-frequency drive rigs and vehicle-mounted drilling rigs adapted to the polar climate. The export regions are mainly countries with developed economies and mature petroleum technologies such as the United States and Canada. The technical content and added value of these products are very high. High, economic efficiency is generally optimistic. Zhao Zhiming, executive vice chairman of the China Petroleum and Petrochemical Equipment Industry Association, believes that the national “Eleventh Five-Year Plan†will encourage the development of oil and gas exploration and drilling equipment manufacturing industries, and will further encourage and provide preferential policies. In recent years, the international oil and petrochemical and general machinery manufacturing capacity has gradually shifted to China. The internationalization of China's petroleum has expanded the market and Other factors for domestic oil drilling equipment, and has promoted the technological progress of China's oil drilling equipment manufacturing. Although China's oil drilling equipment has occupied a place in the world's oil equipment production, the total export of refining and chemical equipment in China is far lower than that of oil drilling equipment. There is still a big gap between the world's advanced manufacturing technology and the level. Many key equipment in large petrochemical plants still rely on imports. Drilling and production equipment and refinery equipment in a "out" and "into" in stark contrast. Even within the field of oil drilling equipment, there is an imbalance. Currently occupying the mainstream of exports are equipment such as wellheads, trees, pumping units, submersible pumps, petroleum tools, and petroleum tubing. These are mature products in China, but only belong to general equipment exports. China's oil drilling equipment manufacturing is still relatively monotonous, lacks design and production capacity for special models, and there are still gaps between the overall technical level of geophysical exploration and logging equipment and foreign products, which has led to the current high technological content in China. Oil drilling equipment, especially key equipment and patented equipment, has a very low export ratio. The relevant experts from the China Petroleum Planning Institute said that although China's oil and chemical equipment manufacturing industry has made considerable progress relying on independent innovation in recent years, there is still a certain gap compared with world-class standards. Under the background of the rapid development of the world's petroleum and chemical equipment manufacturing industries, the level of intelligence and quality of China's oil drilling equipment needs to be improved. Optimize the industrial structure to start early Although last year's petroleum and petrochemical equipment industry saw a significant increase in marketing volume, this year's growth trend has continued, but industry insiders said that we cannot blindly be optimistic and many people still remember the dilemma facing the industry in the international financial crisis. A person in charge of a petrochemical equipment company in Hebei said: “When the market demand slows down, it is the market that forces us to adjust the product structure. That kind of feeling is very difficult to accept. Now that the market is showing growth, we have more room for development. We must take the initiative. Adjusting the structure cannot miss this opportunity." During the “Twelfth Five-Year Plan†period, China’s petroleum and petrochemical industry will focus on developing high-end products, leading the development with differentiated, high-value-added products and technologies, diversifying raw materials, accelerating the internationalization process, and striving to make the industrial structure more reasonable, and the raw material structure. More optimized, the industrial layout is more balanced. Oil and petrochemical equipment companies should also take the initiative to adjust to adapt to the trend of the industry to high-end development. At present, a group of domestic enterprises represented by the Shenyang Blower Group has already taken the initiative in optimizing the structure. The cracking gas compressor, propylene refrigeration compressor, and ethylene compressor, which are commonly known as ethylene "three engines," are the most critical and most important equipment in the million-ton ethylene plant. Its manufacturing technology has been monopolized by several large foreign companies in the past. The Shenyang Blower Group has successfully developed the “three machines†for the Daqing Petrochemical and Maoming Petrochemical ethylene renovation and expansion projects, and has successively assumed the Tianjin 1 million-ton ethylene cracker compressor and the Zhenhai 1 million-ton ethylene Development of the localization of propylene compressors and ethylene compressors for 1 million tons/year of ethylene in Fushun. Finally broke the long-term dependence on imports of such products. This also enabled Shenyang Blower Group to possess key core technologies and high-quality products, enhancing its ability to resist market risks. Relevant experts believe that high-tech, low-energy-consuming and safe-to-safe petroleum and petrochemical equipment will be the new darling of the international market in the future. The domestic oil and petrochemical equipment industry needs to follow this trend, start working as quickly as possible, and take the initiative to adjust its structure. We cannot wait until low-end products are difficult to sustain. Ball Valve,Stainless Steel Ball Valve,Thread Ball Valve East Well Valve Co., Ltd. , http://www.shballvalve.com