December 08, 2016 6:09 PM ET

Industrial Conglomerates

Company Overview of Daqing Oilfield Company Ltd.

Company Overview

Daqing Oilfield Company Ltd. is engaged in the businesses of oil and gas exploration and development, engineering services, facility manufacturing, chemical engineering, operation sustenance, field services, and other businesses in China and internationally. Its services include petroleum geological prospecting, drilling, well logging, logging, cementing, workover, and construction; petrochemical, building, and road and bridge construction; products prefabrication and real-estate development; road maintenance and management, project detection, and technical training; and technological research and development, equipment manufacturing, and testing services. It offers electric power generation...

Longnan

Ranghulu District

Daqing,  163435

China

Founded in 2000

Phone:

86 45 9593 6898

Fax:

86 45 9598 3041

Key Executives for Daqing Oilfield Company Ltd.

Daqing Oilfield Company Ltd. does not have any Key Executives recorded.

Daqing Oilfield Company Ltd. Key Developments

Daqing Oilfield Provides Production Guidance for the Year 2014, 2015, and 2020

Daqing Oilfield provided production guidance for the year 2014, 2015, and 2020. The company plans to lower its production by 1.5 million tons in 2015. By 2020, the oilfield's annual oil output is expected to be decreased to 32 million tons. The oilfield has decided to reduce production due to its long-term intensive development, inadequate supporting resources, rising development costs and decreasing international oil prices. The oilfield expects to have produced 40 million tons of crude oil in 2014.

Recent Private Companies Transactions

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