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It is understood that although China's domestic drilling rigs have greatly improved their development and manufacturing in recent years, they still have a certain gap with foreign advanced technologies. Facing the huge demand for oil rig equipment from domestic and foreign markets, Lianyungang Tianhong Petroleum Equipment Manufacturing Co., Ltd. and China National Geological Equipment Corporation Lanzhou Institute of Petroleum Machinery carried out technical development and manufacturing of oil drilling rig equipment and mastered international leadership. technology. After all Lianyungang Tianhong Petroleum Equipment Manufacturing Co., Ltd. projects are completed and put into production, they will annually produce 15 sets of 3,000-meter oil drilling rigs, 10 sets of 5,000-meter oil drilling rigs, and 5 sets of 7000-meter oil drilling rigs.
Lianyungang Tianhong Petroleum Equipment Manufacturing Co., Ltd. recently laid the foundation stone in the Lingang Industrial Area of ​​Lianyungang Development Zone. As a manufacturing base for petroleum machinery and equipment, the project is mainly engaged in research, development, and manufacturing of oil drilling rigs with a total investment of 900 million yuan. After the completion of all production, the annual output value of the project will reach 2 billion yuan.