China's offshore equipment manufacturing industry is on the rise

The 2014 China International Marine Engineering Technology and Equipment Exhibition, referred to as China Maritime-International Ocean Engineering Technology & Equipment Exhibition, recently closed in Beijing. The exhibition was jointly sponsored by China Shipbuilding Engineering Society, China Classification Society, China Shipowners Association and Beijing Zhenwei Exhibition Co., Ltd. The exhibition covers an area of ​​90,000 square meters and attracts 1,600 companies from more than 60 countries and regions around the world. There are nearly 50 top 500 companies with a professional audience of 60,000.

Under the circumstance that the global shipping industry continues to be sluggish, the offshore equipment manufacturing industry has bucked the trend and presented a good momentum of vigorous development. From a global perspective, the development potential of onshore oil has come to an end. Offshore oil has become the main source of future oil growth, and is becoming the focus of global oil and gas development. Vigorously developing the marine economy will be an important growth point for the next stage of China's economy. First, whether from the perspective of national strategy or the direction of current economic development, the move from land to sea is an inevitable law of the country's development to a certain stage.

Academician of the Chinese Academy of Engineering, former president of China National Offshore Oil Corporation, PetroChina [-0.52% Fund Research Report] and Chairman of the Petrochemical Equipment Industry Association Zhou Shouwei said in an interview at the exhibition site, CNOOC, China Classification Society, China Ship [1.95% of the fund research report], China Shipbuilding Heavy Industry, CIMC Raffles, Honghua and other exhibitors as well as some well-known international companies have increased their participation. This means that the construction of a maritime power has not only reached consensus in the central decision-making level in recent years, but also received unprecedented attention in the corporate world and even in the global arena.

The “Marine Ship Display Area” launched by China's offshore engineering equipment has attracted many offshore shipbuilding enterprises. Schlumberger, Baker Hughes, Halliburton, and Weatherford have not been absent; the international marine craft owners such as Bobon, Norwegian Ukrain, and Icon Offshore of Malaysia responded positively; with PetroChina and Sinopec The “National Team” represented by CNOOC, CSIC and CSSC, the lineup of private enterprises represented by Zhenhua Heavy Industry and Yuexin Offshore, the internationally renowned enterprises represented by CIMC Raffles and Liaoning Luhai Petroleum Equipment While participating in the exhibition, the offshore ship display area has gathered a large number of the best offshore ship manufacturers at home and abroad, which has undoubtedly greatly promoted the international exchange of technology and products in this field.

At the exhibition, China State Shipbuilding Corporation won the praise of its design and construction achievements to visitors from all over the world. CSSC Group's exhibition area reaches 250 square meters, mainly exhibiting China's first sixth-generation 3,000-meter semi-submersible drilling platform "Offshore Oil 981", 3,000-meter deep-water engineering survey vessel "Offshore Oil 708", 12-cable geophysical The world-leading marine development equipment, such as the “Ocean Oil 720” and 1500-meter deep-water drilling ship, is a world-leading ship.

Towards the deep sea is not only the proper meaning of China's implementation of the marine development strategy, but also the inevitable choice to alleviate the shortage of oil and gas resources and ensure energy security. Behind the prosperity of the offshore equipment market is the emergence of a large number of high-value orders. With the increasing emphasis on the resources of the continental shelf, the offshore equipment manufacturing industry has begun to enter the golden period of development, and the development prospects of offshore oil and gas field exploration and mining equipment are very promising. Zhou Shouwei said, "We are very happy to discuss the world energy development trend with our colleagues at this annual event, look forward to the offshore equipment market prospects, and share the latest global technological achievements."

According to the statistics of "2013 Shipbuilding Economic Operation Analysis" released by China Shipbuilding Industry Association recently, in 2013, China's offshore market maintained steady growth, and all kinds of offshore engineering orders exceeded US$18 billion, accounting for about US market share. 29.5%, an increase of 16 percentage points over 2012, surpassing Singapore, ranking second in the world.

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