August 26-28,2015, Asia’s largest petrochemical exhibition – the Seventh China (Shanghai) International oilfield chemicals and fracturing additives Equipment Exhibition (short for: CIPPE Shanghai Petrochemical Exhibition) was held in China • Shanghai New International Expo Centre. Our company has sent a strong lineup participated in the exhibition. The area of total exhibition is 38,000 square meters, and 520 domestic and foreign companies participated in the exhibition. As a professional exhibition in the field of petrochemicals, CIPPE Shanghai Petrochemical Exhibition once again offers a feast of petrochemical technology and equipment for the oil field.

There are thousands of varieties of Chinese oilfield chemicals, annual sales more than 1 million tons. With the development of China’s crude oil production, the number and the speed of drilling wells are all increased. Drilling conditions are becoming more evil, and drilling-through stratum is becoming more complex, thus putting forward higher requirements of drilling fluids additives and cementing agents. From here we can see that oilfield chemicals still have enormous growth potential and broad prospects.

The average annual growth rate of Chinese market of oil fracturing additives is around 15 percent, and the average annual growth rate of total production capacity of enterprises is about 12%. In order to meet the increasing domestic demand for oil, the size of the market of China’s oil fracturing additives has expanded rapidly, and the total capacity of the enterprises will be increased rapidly. Oil fracturing additives products are developing toward high-intensity orientation.

Responding to the growth trend of rapid development, the Seventh China (Shanghai) International Petrochemical Technology and Equipment Exhibition has added oilfield chemicals and fracturing additives display area, providing a more professional platform of exhibition and communication for enterprises of production of oilfield chemicals and fracturing additives. Our company has exhibited much more than 100 kinds of products in the exhibition, and those products have been enjoyed by domestic and foreign procurement enterprises. The success of the exhibition has enhanced the popularity and influence power of our company in the international and domestic market, thus playing a good role for our company’s business development.