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| Wang
Yupu, chairman of board of directors and general manager of
Daqing Oil Company.
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Sun
Shuguang, CPC secretary and chairman of the Supervision Board
of Daqing Oil Company. |
Located in Northeast China, Daqing Oilfield is the largest one
in the country. It is witness to all the pleasures and pains that
China’s petroleum industry has experienced in the course
of its development. Between 1959 and 2004, more than 1.8 billion
tons of crude oil was pumped out of Daqing Oilfield, and it managed
to maintain annual crude production levels of over 50 million
tons for 27 consecutive years. During that time, Daqing Oilfield
earned a total of 1 trillion RMB for the central government. For
years it has led the industry in terms of production, tax contributions,
profits and oil recovery ratio.
 However,
companies operating in Daqing Oilfield now face stern challenges,
including depleting reserves and rising exploitation costs. Daqing
Oilfield Company Ltd is one of them. Founded in the year 2000,
the commercial company is led by the Board of Directors, the Board
of Supervisors and its Senior Executives. It comprises 10 oil
production plants, 13 branches, as well as an overseas branch
registered in Kazakhstan. Its parent company is Petro-China, an
industry giant.
Creating a Hundred-Year-Old Oilfield
“The Daqing Oilfield has important missions to fulfill for
the nation,” says 50-year-old Wang Yupu, chairman of the
board, general manager and senior engineer at Daqing Oilfield
Company. “We’ll do our best to help oil the wheels of
our country’s booming economy while ensuring our oilfield
survives for 100 years.” Wang believes that new talents,
new development opportunities as well as new technologies are
key to the company’s success.
 Daqing
Oilfield Company Ltd carries out cost effective scientific research
projects, and develops its own core technologies. Some auxillary
technologies are bought from other research institutes at competitive
prices. Technological innovation is facilitated by fine research
platforms and incentive-based policies. If outside assistance
is needed, it’s brought in from home or abroad. But Wang
believes that in-house development is best, and that’s why
the company offers considerable rewards to scientific researchers
that make outstanding contributions. The company’s high regard
for its science talents is reflected in their paychecks. The scientists’
technological breakthroughs have meanwhile brought the company
great successes, including the verification of reserves of100
billion cubic meters of natural gas in the northern Songliao Plain.
Wang Yupu is confident that the current measures and policies
will ensure sustainable development and help the Daqing Oilfield
to see its 100th birthday. Chinese Vice President Zeng Qinghong
praises Wang’s development strategies and shares his beliefs.
He says, “By the time Daqing celebrates its centenary, it
will be 2060 [Daqing Oil Field was established in 1959], and China
will be a well-off society. I am certain that Daqing Oilfield
Company will make greater contributions in this historical process.”
New Production Mode
 On
June 15, 2004, 70 fuel tankers arrived in Daqing, injecting 4,200
tons of crude oil imported from Russia to Nansan Tank Farm in
Daqing. This signified the company’s transition from a simple
oil and gas production enterprise to a large-scale production
center with international ambitions. It aims to seek more development
potential, become deeply involved in international oil trade,
and generate more profits.
To achieve its aims, Daqing will rely on its major strength --
advanced technology. “We’ll investigate the international
market and try to gauge its future technological requirements,”
says Wang Yupu. Two of Daqing’s own technologies that are
vital to the processes of alkaline-surfactant-polymer gas flooding
and screw pump oil extraction were developed according to international
market needs. The former technology is one of the few new exploitation
technologies independently researched and developed by China,
and it is patented at home, in the US, the UK, Russia and Canada,
while the latter has won 18 patent rights and is now applying
for an international one.
 Daqing
Oilfield Company Ltd has reaped rewards by selling its advanced
technology in the domestic market, earning more than 300 million
RMB, as well as in the international market, with sales worth
over US $8 million. Daqing has been invited as a shareholder at
certain foreign oil companies that seek the benefits of its advanced
technology.
Looking to the future, Wang says, “I must be responsible
to our employees, to our enterprise and to our country. I’ll
meet any challenge with resolve, and strengthen the Daqing Oilfield
Company Ltd. Only by doing so can we maintain our industrial boom
and strengthen China’s national power.”
  
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