Luhai DeRun Energy Technology(Beijing) Co.,Ltd is the international business company of Shandong Luhai Petroleum Technology Co., Ltd. (Stock Code:832799)

Shandong Luhai was founded in year 2008, which is a high-tech enterprise of producing drilling equipments and tools. Main products involve in well drilling, well cementing, well completion, and oil extraction, including more than ten series, hundreds of varieties of drilling equipment, accessories and tools. Especially, drilling motors, NMDC,drill pipes, drill bits and other core products obtain more than 20 national utility model patents. Shandong Luhai is also an integrated service enterprise of providing directional well, horizontal well and geothermal well drilling service in oil and gas industry.

The company covers an area of 18 acres and located in Dezhou city,Shandong Province in northeastern region of China,with convenient travel distance to Beijing(40 mins by train)which is close to Manzhouli railway hub as well as Tianjin sea port. The company employs nearly 300 people, of which over 40% are professional and technical personnel having the national certificates. Since 2013, the company has been closely cooperated with China Petroleum University, Yangtze University, Shenyang University of Technology, Sinopec Research Institute of Petroleum Engineering, CNPC Drilling Research Institute and many other scientific research institutes, to ensure the technical sophistication of products.

Through DeRun’s continuous efforts, the company established a set of standardized production quality control, inspection and testing management systems, having the international advanced testing tools and test equipments, which help DeRun to obtain API SPEC6A, API 7K, API 7-1, and API 5CT certifications, also ISO9001 quality system certification, HSE management system ISO14001 and ISO18001.

As an excellent supplier for CNPC, Sinopec, and CNOOC, the average annual domestic business scale of DeRun reaches 35 million us dollarsstably, the products are sold throughout main onshore and offshore oil fields in China. Especially with service bases set up in Sichuan Oilfield, Changqing Oilfield and Xinjiang Korla Oilfield, DeRun is able to provide 24/7 services close to all major oil fields.

After the shareholder was listed on the stock market, DeRun expands product lines with strong financial arm, the Logging While Drilling (LWD) and drilling fluid treatment equipments get rapid development. Furthermore, DerRun managed to build solid cooperation with many foreign famous brand, some core components of DeRun products are switched to those international products which enhance DeRun to provide more stable quality and high efficiency products for our customers.