Posted on 12/11/2004 11:51:12 AM PST by Willie Green
For education and discussion only. Not for commercial use.
Beijing Petroleum Machinery Factory (BPMF) under the CNPC (China National Petroleum Corporation) signed an agreement with an US company on Thursday to provide top-drive oil-drilling equipment which China independently developed and which represents the most advanced level of oil-drilling technology and electromechanical equipment for oil industry. This is China's first export of major oil-drilling equipment to the US.
Top-drive oil-drilling equipment is one of the front technologies in oil-drilling engineering, said Ding Shubai, vice president of the Petrochemical Engineering Research Institute. By far only a few companies are able to produce top-drive oil-drilling equipment. The BPMF top-drive oil-drilling equipment is the first export of China-made top drive which is of independent intellectual property rights. It indicates that China's independently developed oil-drilling equipment has had the ability and level to compete internationally. Direct entry into the high-end market of international oil-drilling equipment is a good beginning for the moving of China's oil equipment toward the world.
David Russell, president of the US company, said that after conducting survey and analysis the BPMF's top drive has proved technologically advanced, qualitatively reliable and the best among all the companies. We are willing to establish long-term cooperation with the BPMF in oil-drilling equipment.
Experts in the industry believe the BPMF' top drive adopts the AC frequency conversion drive technology which represents the direction of world top drive development. It has the excellent performance of speed control and torque control automatic conversion. In particular the topper computer supervising and control system can show the operating condition of the mechanical, electrical and hydraulic systems in real time visual. It has supervising and control and mutual-locking function for the electrical control system as well as self-diagnosis and protection function, which can effectively prevent failures resulting from operation errors. The integration control technology of the mechanical, electrical and hydraulic information for the system as a whole has reached a very high level of automation. It can meet the requirements on rotate speed and torque under various working conditions.
As learned the BPMF's top drive has been used in drilling at the Horgos 001 well in Xinjiang, Gaoquan 1# well and Pakistan's SPA-2 well. Its good price/performance ratio, stable and reliable operation and complete maintenance service are highly appraised by clients.
Am I overlooking the name of the US company of is it not given?
This looks like a situation where the rest of the world will benefit, like free riders do, from the technology derived from the likely heavy investing of Chinese government funding. I am curious as to how you will spin this into something as bad, Willie. Please don't leave me guessing any longer...what is it that smells bad to you.
this is bad. technology is about mastering previous tech then improving it or leap frogging it. It means we are in 2nd place in oil drilling knowledge and without effort, will likely remain there.
this principle is why korean cars still lag the jap cars.
it takes a long time to catch up and pass.
it is why the US is still the leader in many technologies.
we are living off the legacy of a previous knowledge lead that may be dwindling.
There is an R David Russell who is president of Apollo Gold. Gold mining companies drill a lot of holes. Could be them?
But, on the other hand, if the Chinese become predominant in this sector and drive competitors, particularly western competitors, out of business, if they doi not change, then the west and the US become dependant on the Chinese for this technology...and that is not good.
Having spent a lot of time over there in the far east heping companies in the late 1990's set up operations...I do not believe the Chinese leaders have any intention of bringing true republican principles to their masses, or the true free market. I believe they are building themselves up, and doing a masterful job of it. They have replaced the failed stalinist and moaist economic models with a new open market that invites and benefits from western investment, but does not equate to a free market or republican principle progress IMHO. In short, they are retaining their communistic/socialistic...even fascist government form and building it up, modernizing it, approaching economic independence on a new model that does not bode well for the free world. Their ultimate aim, IMHO, is their own domination in the Western Pacific and our ouster. I believe they should be faced down in the same manner that Reagan faced down the Soviets.
It is later in the game and the Chinese are much further advanced and using our own economy to fuel their rise...it would be painful, but I do not believe it is too late to do so. Otherwise, I fear we will face not only the terrorists, but a very rich, very powerful and very emboldened Chinese threat in the mid distant future. But that is just my own opinion.
I've been trying to Google "David Russel", "president" and "drilling" and came up with a variety of different possibilities.
Some are different "David Russells" who have something to do with the oil industry, but don't have the title of "president"
And there's a "David Russell" who's the president of some outfit called "Apollo Gold Corporation" located in Denver
and another "David Russell" who owns something called "Bush Drilling", a mineral exploration drilling company in Belgrade, Montana.
I don't know if any of these are the same guy or not.
Good grief, that one is making my tinfoil hat start to spark!!!
Thanks. I was hoping it was a Houston company so at least it wouldn't be a total loss to our area. We already import drilling pipe.
China's first petroleum equipment export contract was signed on Thursday in Beijing, between Beijing Petroleum Machinery Factory (BPM) under China National Petroleum Corporation (CNPC), and the US-based Rowan Drilling Company Inc.
Rowan, one of the US' most powerful drilling service and driller manufacturing companies, bought top drive drilling equipment manufactured by CNPC BPM, in view of BPM's advanced technology and trusted quality after an overall evaluation of drilling equipment makers worldwide, according to David P. Russell, vice-president of Rowan Drilling Company Inc. ...
Listed on the New York Stock Exchange, the US-based Rowan Drilling Company Inc is a company group integrating oil equipment manufacturing, offshore and land drilling services, and helicopter transportation. The group boasts an annual revenue of approximately US$2.8 billion, and has three drilling equipment manufacturing units and one aviation company.
Is the Chinese drilling rig made of the same metal that my Chinese screwdrivers were made of? Its some sort of metal with the same consistency as the chrome parts in a Revell 57 Chevy model kit.
Their off-shore gas deposits are in unconsolidated Oligicene sand, and that's a producer's nightmare. They are oil-and-gas deficient, they are not the middle east or even East or West Texas. They have crappy oil and gas reserves, to pu it politely.
Good grief, that one is making my tinfoil hat start to spark!!!
Sounds like the makings of a naughty T-shirt.
The Chinese have mind programming devices in that oil drilling equipment too. I also heard that those devices send out subliminal messages - at super low frequencies capable of traveling great distances - that beg us to shop at Wal*Mart. We thought we were on to them too but then in April 2001 they downed our spy plane before we could get any additional details.
"The commerce of the States cannot be regulated to the best advantage but by a single body, and no body so proper as Congress." --Thomas Jefferson: Answers to de Meusnier Questions, 1786. ME 17:115
"The spirit of manufacture has taken deep root among us, and its foundations are laid in too great expense to be abandoned." --Thomas Jefferson to Pierre Samuel Dupont de Nemours, 1809. ME 12:294
"An equilibrium of agriculture, manufactures and commerce is certainly become essential to our independence. Manufactures sufficient for our own consumption of what we raise the raw materials (and no more). Commerce sufficient to carry the surplus produce of agriculture beyond our own consumption to a market for exchanging it for articles we cannot raise (and no more). These are the true limits of manufactures and commerce. To go beyond them is to increase our dependence on foreign nations and our liability to war. These three important branches of human industry will then grow together and be really handmaids to each other." --Thomas Jefferson to James Jay, 1809. ME 12:271
My guess this sale comes because they sold this cheaper than an American company
Profits go to the Chinese and they'll use the money to buy weaponry from Russia and enhance their military. We are feeding a tiger while you tiptoe through the tulips. One day their guns will be pointed at Americans. Then what will low county joe have to say?
check my post # 17
Keep your eye on the China Iran connection. They just signed a bunch of agreements with Iran sending them discounted oil and the Chinese sending them .......... well you can easily figure that one out.
How would you to have to translate Chinese into Farsi?
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