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China's oil and gas drilling equipment goes to the international market
The rapid growth in the export of oil and gas drilling equipment from Shanghai Port in the first half of this year can be attributed to significant advancements in China's capabilities in standardization, manufacturing, and R&D. Over the past two decades, Chinese manufacturers have made remarkable progress in aligning their products with global standards, enabling them to compete effectively on the international stage.
Starting from the late 1990s, Chinese authorities began revising industry standards to meet international technical requirements. This effort led to the development of over 20 types of oil and gas drilling equipment, including AC frequency conversion speed-controlled electric drive drilling machines. These products reached international standards and gained recognition from overseas users, laying a strong foundation for exports.
The export performance of oil and gas drilling rigs at Shanghai Port reflects several notable trends. First, both processing trade and general trade accounted for nearly half of the total exports. In the first half of the year, exports through these channels reached $600 million each, showing a dramatic increase of 12.8 times and 1.4 times respectively. This indicates a growing diversification in export methods.
Second, the primary export markets are major oil and gas-producing regions. North America and the Middle East remained key destinations, with the U.S. being the largest market, recording $80 million in exports—an increase of 5.6 times compared to the same period last year. The share of exports to the U.S. rose from 36.2% to 58.8%. Similarly, exports to countries like Oman, UAE, Saudi Arabia, Iran, and Syria surged by 6.8 times, reaching $200 million and accounting for 14.2% of total exports.
Third, deep drilling equipment—those capable of drilling more than 6,000 meters—became the dominant product. Exports of such equipment reached $80 million, a 19.3-fold increase, and accounted for 58.2% of total exports. This segment saw a sharp rise in market share, increasing by 46.5 percentage points. Meanwhile, equipment with depths up to 6,000 meters, which had no exports last year, recorded $1.3 million. Additionally, parts for oil and gas drilling rigs saw a surge, with exports reaching $600 million, up 87.4%.
These developments highlight the growing global competitiveness of China’s oil and gas equipment sector, driven by continuous innovation and strategic market expansion.