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.
We are sendin our dollars to CHINA in record amounts and they will use the same dollars to destroy us.
You're asking this about a country that sold scrap metal to the Japanese in the 1930's? As my beloved mother told me, "We sold them the metal they shot back at us."
All you say is true. China is a menace and trade should be regulated with them. Our millions of dollars sent there are financing a monster military. They have their eyes on Asian domination. The real kicker will come if they provide a nuclear umbrella to Iran. Asymmetric warfare means keeping Middle East oil away from us.
I agree. Jefferson (MY favorite PRESIDENT) warned us in advance.
Please check my post # 17
Amusingly enough I hear China is in our scrap market in a huge way and is one factor forcing up scrap prices. Is scrap steel our largest export to ChiCom land? LOL.
As you are aware, Jeff, I'm not strictly concerned with this sector, or the computer sector, or the steel sector, or the automotive sector, or the toys sector, or the buggy whip sector...
It's happening across-the-board in ALL of the sectors...
And THAT is what is placing our future national security in dire jeopardy.
Wait a minute . . . aren't high (scrap) steel prices supposed to be good? Or are they supposed to be bad? Certainly they cannot be both good and bad.
Exactly...that is just what I was trying to get that across in my psot.
Good take it apart and back engineer it they way they have done everything they could beg borrow or steal from the USA including the stuff Clinton and enablers gave them...
And pay them not one nickel for what we take that they owe us for and have never paid...one RED cent.
imo
Watch those sparks, Willie ~ ya don't want to set someones beard on fire. :)
Rowan Companies, Inc. (NYSE: RDC)
2800 Post Oak Blvd., Ste. 5450
Houston, TX 77056-6127 (Map)
Phone: 713-621-7800
Fax: 713-960-7660
http://www.rowancompanies.com external site content
Covered by Stuart Hampton
Where does a gorilla drill for oil? Anywhere it wants if it is one of Rowan Companies' Gorilla-class heavy-duty offshore drilling rigs. Rowan performs contract drilling of oil and gas wells mainly in the US and eastern Canada. Its fleet consists of 23 jack-up rigs, one semisubmersible rig, and 18 land drilling rigs. Subsidiary LeTourneau operates a mini-steel mill and manufactures heavy equipment including front-end loaders, log stackers, and gantry cranes. LeTourneau's marine group builds offshore jack-up drilling rigs. In 2004 Rowan Companies agreed to sell its Era Aviation aircraft services subsidiary (with 85 helicopters and 16 fixed-wing aircraft) to Seacor Holdings for about $118 million.
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One day their guns will be pointed at Americans. Then what will low county joe have to say?
"Nurse, I'll hold Dennis down while you give him the tranquilizer. Can someone hurry up wit those straps pleeeeeassseee?!?!?"
ping
LOL! So low US trade deficits are against your economic philosophy. What kind of kool aid are you drinking? Your entertainment factor is diminishing. I come from the real world where being in hock to foreigners is a bad idea. OK in small doses but not to be glorified.
puing
They're a bear to rig up on land rigs, and there is a shortage of personnel to run them.
They have a much wider useage offshore which makes it feasible for Rowan to own them.
Not in the drilling industry are you.
No kidding, this is worry over NOTHING. I might also point out that I don't think ANY US owned company makes these things any more. Canrig and TESCO are Canadian, and I think the Bowen bunch is headed by an Arab, though I know "The Ambassador" got out a few years back, and that may have changed.
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