LEPS Technology

What LEPS Technology does

LEPS Technology (成都劳恩普斯科技有限公司 / Chengdu LEPS Technology Co., Ltd.) is a privately held, Chengdu-headquartered oilfield chemicals and technical services company founded in December 2014 by Dr. Ren Shan. The company develops and industrializes proprietary stimulation chemistries and engineering services for unconventional oil and gas resources — specifically shale oil and gas, tight oil and gas, and coalbed methane — addressing ultra-low-permeability reservoirs, high-temperature/deep-well conditions, and high-salinity environments. Its portfolio spans three technology systems: (1) Acidizing and Fracturing chemistries including the Integrated Viscosity-Variable Acid System (IV-ACID™), Molecular Membrane Acid (MoM-ACID™HT), Self-Cleaning Desorption Fracturing Fluid, and Salt-Tolerant Structured Fluid; (2) Fracture Optimization technologies including HEPROP™ High-Efficiency Proppant Placement, T-PLUG™ Adaptive Temporary Plugging, and VAc™ Volume Anti-Channeling; and (3) Production & Gathering chemicals and services including LP-FOAM™ foam drainage, LP-SterAC™ pipeline corrosion protection, comprehensive deblocking, pipeline reinforcement, and desulfurization. Core IP is co-developed through the LEPS-SWPU Joint Laboratory with Southwest Petroleum University (196 R&D personnel, 18% PhDs, 12 National Key R&D Projects, 10 NSFC grants).

The company operates a hybrid chemicals-plus-technical-services business model. Revenue is generated through (a) one-time sales of proprietary oilfield chemical product lines (friction reducers, acids, proppants, temporary plugging agents, biocides, corrosion inhibitors, defoamers, paraffin control, viscosity reducers) and (b) professional field services — fracturing operations, acidizing, production optimization, and pipeline reinforcement — delivered directly to the three Chinese National Oil Companies (PetroChina, Sinopec, CNOOC) and their operating subsidiaries across 17 major Chinese oil and gas fields via 5 regional business divisions and 11 production/service bases. Production capacity stands at 50,000 tons annually at the Deyang Guanghan Talent Base, with an additional 100,000-ton Meishan Omnengjia Base under construction via subsidiary Sichuan Omnengjia New Materials Technology. International operations have been initiated in Central Asia (Turkmenistan), North Africa (Republic of Congo, Ethiopia), the Middle East, Southeast Asia, and North America.

FY2023 revenue was 507 million CNY with total assets of 880 million CNY; as of November 30, 2024 the company employed 437 full-time staff. Ownership is anchored by strategic industrial investors including CNPC Kunlun Capital (Kunlun Gongrong Fund) and Sinopec Capital, alongside China Reform Fund (Guoxin), Sichuan Development Group, and Chengdu Science & Technology Investment. A Series B round closed November 28, 2024 led by CNPC Kunlun Capital with participation from Sinopec Capital, China Reform Fund, and Sichuan Development Group; an earlier 2023 round raised approximately $21.1M from Canghai Capital, Chengdu Science and Technology Venture Capital, and Sichuan Development Holding. The company has accumulated 4,000+ fiber-frac jobs, 13,000+ temporary plugging stages, 1,600+ production service projects, and >2,000 km of pipeline serviced cumulatively, and holds the National-Level Specialized, Refined, Innovative "Little Giant" Enterprise designation (MIIT, 2023) and the 25th China Patent Silver Award (2024).

Name

LEPS Technology

Legal name

成都劳恩普斯科技有限公司

Website

https://cdleps.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Chengdu-based oilfield chemicals and technical services company founded in 2014, providing proprietary stimulation chemistries (fracturing fluids, acids, proppant placement, temporary plugging) and field services for shale, tight, and coalbed methane reservoirs to China's three national oil companies.

Ownership category

akta.pro rank

Product category

Oilfield Stimulation Chemicals and Services

NAICS

Support Activities for Mining (2131)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• Oilfield chemicals
• Reservoir stimulation services
• Fracturing fluids
• Acidizing services
• Pipeline corrosion protection

Headquarters

HQ city

Jingjiang

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Oilfield Chemicals (Specialty Chemicals): Sale of proprietary oilfield chemical products including fracturing fluids, acidizing systems, friction reducers, proppants, temporary plugging agents, defoamers, biocides, corrosion inhibitors, desulfurization agents, and other specialty chemicals for oil and gas well stimulation and production.
2. Technical Services: Technical services including fracturing operations, acidizing, production optimization, pipeline reinforcement, and other field engineering services. Services provided across 17 major domestic oilfields through 5 regional business divisions and 11 service bases.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

LEPS Technology manufactures and sells specialty oilfield chemicals (fracturing fluids, acidizing systems, friction reducers, proppants, temporary plugging agents, defoamers, biocides, corrosion inhibitors, desulfurization agents) and delivers on-site technical services (fracturing operations, acidizing, production optimization, pipeline reinforcement) for stimulation of shale oil/gas, tight oil/gas, and coalbed methane reservoirs. The company combines proprietary chemical formulations, a 196-person R&D team at the LEPS-SWPU Joint Laboratory, 5 regional divisions, and 11 service bases to provide integrated reservoir stimulation solutions to PetroChina, Sinopec, and CNOOC across 17 major Chinese oil and gas fields.

Product overview

LEPS Technology (成都劳恩普斯科技有限公司) is a specialized oilfield chemical and technical services company established in December 2014, providing key technologies and industrial applications for shale oil/gas, tight oil/gas, and coalbed methane development. The company operates an integrated product portfolio organized into three main technology systems: (1) Acidizing and Fracturing, featuring integrated viscosity-variable acid systems (IV-ACID™), molecular membrane acids (MoM-ACID™HT), salt-tolerant structured fluids, and self-cleaning desorption fracturing fluids; (2) Fracture Optimization, including high-efficiency propping technology (HEPROP™ series), adaptive temporary plugging technology (T-PLUG™ series), and volume anti-channeling technology (VAc™); and (3) Production & Gathering, covering foam drainage (LP-FOAM™), pipeline corrosion protection (LP-SterAC™), comprehensive deblocking (LP-DeBLOCK™), pipeline reinforcement, and desulfurization. The product architecture combines specialized chemical additives (friction reducers, thickeners, breakers, cross-linkers) with engineered technology systems, all supported by the LEPS&SWPU joint laboratory for R&D. Services include solution design, engineering teams (5 regional divisions, 11 service bases), and engineering equipment including self-developed integrated filling skids.

Differentiator

Problem solved

Functional benefit

Brands

• HEPROP™ (高效铺置系列): High-efficiency proppant placement technology product line, including suspension fibers (HEPROP™Fi), structural stabilizers (HEPROP™STAB), and fracturing fibers for optimized proppant transport and placement.
• IVFrac™ / LoDFrac™ (压裂产品系列)
• T-PLUG™ (暂堵系列)
• VAc™ (促缝增效系列)
• IV-ACID™ (一体化变粘酸系列)
• IC-ACID™ (一体化复合酸系列)
• MoM-ACID™ (分子膜酸系列)
• LP-FOAM™ / LP-DeFOAM™ (排水采气系列)
• LP-SterAC™ (管道腐蚀防护系列)
• LP-PARA-GUARD™ (清防蜡剂)
• LP-VISREDUCE™ (稠油降粘剂)
• LP-FOAM™ (低密度泡沫起泡剂)

Products and services

• LoDFrac™ Water-Based Low-Damage Friction Reducer (水性低伤害降阻剂) Water-based friction reducer using atom transfer radical polymerization technology for low formation damage, low friction resistance, and high sand-carrying performance; intended for tight oil, tight gas, shale, and coalbed methane fracturing operations.
• IVFrac™FR Oil-Based Suspended Friction Reducer (油性悬浮降阻剂) Oil-based suspended high-performance friction reducer with high temperature and shear resistance, variable viscosity, and salt tolerance; designed for shale oil/gas and coalbed methane fracturing where water-based systems are unsuitable.
• QuickBlend™ Inverse Emulsion Friction Reducer (反相乳液降阻剂) Inverse-emulsion friction reducer with medium-low molecular weight polymer design for improved viscosity and sand-carrying capacity with low formation damage in tight oil and gas reservoirs.
• HEPROP™Fi Modified Fiber (悬砂悬丝) Modified polyester and inorganic nano-particle composite fiber that forms a stable 3D network with HEPROP™STAB structural stabilizer, enhancing proppant transport distance and placement height during fracturing.
• HEPROP™STAB Graphene-Based Structural Stabilizer (结构稳定剂) Graphene-based structural stabilizer that forms bridge structures with fibers and polymers to create a stable 3D network, improving proppant support and placement volume in fracturing operations.
• T-PLUG™ Adaptive Temporary Plugging Product Family (自适应暂堵剂系列) Family of adaptive temporary plugging agents (2D agents, fibers, knots, balls, cones) for multi-level plugging of horizontal wells; redirects fluid to under-stimulated zones and improves production by an average of 20% per well.
• VAc™ Delayed Phase-Transition Sewing Agent (促缝剂) Delayed phase-transition polymer for artificial fracture control in volume fracturing; forms cluster sand plugs that adapt to different fracture shapes and widths, improving reservoir utilization and reducing casing deformation.
• LP-FOAM™ Foaming Agent Series (起泡剂系列) Foaming agent series (including anti-freeze, oil-resistant, salt-tolerant, and low-density variants) for foam drainage gas recovery in gas wells, providing liquid unloading and gas production enhancement.
• LP-DeFOAM™ Defoaming Agent (消泡剂) Organic silicone and polyether-silicon composite defoaming agents providing foam elimination and long-lasting foam inhibition in oil and gas production operations.
• LP-DeBLOCK™ Comprehensive Unblocking Agent (复合解堵剂) Comprehensive unblocking product combining chelating agents, penetrants, emulsifiers, and surfactants for removing polymer, inorganic scale, and other blockages from formations, wellbores, and gathering systems.
• LP-SterAC™GM Germicide for Pipeline Protection (防腐用杀菌剂) Environmentally friendly germicide for oil and gas pipelines and production systems, effective against sulfate-reducing bacteria (SRB), iron bacteria (FB), and total general bacteria (TGB) with a 100% kill rate.
• LP-SterAC™CI Corrosion Inhibitor (缓蚀剂) CO2 and CO2/H2S corrosion inhibitors for protecting downhole tubing and surface gathering pipelines from complex corrosion systems; reduces pipeline failure rate by ≥90%.
• MoM-ACID™HT Molecular Membrane Acid (分子膜剂) Acid additive using chemical bond and electrostatic adsorption to reduce hydrogen ion contact with carbonates; delivers low-viscosity high-retardation acidizing for deep carbonate reservoir stimulation up to 180°C.
• IV-ACID™ Thickener for Viscosity-Variable Acid (变粘酸用稠化剂) Thickener for integrated viscosity-variable acid systems with variable viscosity (3-200 mPa·s), high-temperature resistance up to 200°C, and drag reduction over 75% for deep-well acid fracturing.
• IC-ACID™ Composite Acid Thickener (复合酸用稠化剂) Four-in-one thickener combining acid-resistant fracturing fluid, acid/slickwater, gelled acid, and crosslinked acid functions for multi-stage alternating deep acid fracturing in carbonate reservoirs.
• Integrated Viscosity-Variable Salt-Resistant Fracturing Fluid System (一体化变粘耐盐压裂液体系) Integrated fracturing fluid system based on salt-resistant suspended friction reducer with online preparation, on-demand viscosity change, >20,000 ppm salinity tolerance, and 200°C+ temperature resistance; reduces operation costs by 30% and doubles fracturing efficiency. Scaled to 1,000+ wells and >20 million m³ supplied.
• Self-Cleaning Desorption Fracturing Fluid System (自清洁解吸附压裂液体系) Non-oil-phase suspension fracturing fluid with self-cleaning and desorption functions that cleans rock organic matter, increases post-fracturing permeability by over 5%, releases adsorbed methane in tiny pores boosting output by over 10%; tolerates up to 150,000 ppm salinity and 180°C.
• Salt-Tolerant Structured Fluid (耐盐结构化流体) Fracturing fluid for high-salinity conditions (seawater, produced water) up to 300,000 ppm using structural strength rather than viscosity for proppant transport; delivers over 90% higher sand-carrying capacity than conventional salt-tolerant fluids.
• High-Efficiency Proppant Placement Technology Service (支撑剂高效铺置技术服务) Fracturing service using HEPROP™ fibers and structural stabilizers to form cluster-structured proppant support, increasing effective propped fracture length by 30%, placement height by 2×, and contact area by 1.3×; delivered across 250+ wells with 20-30% average production increase and 60-70% sand production rate reduction.
• Adaptive Temporary Plugging Technical Service (自适应暂堵技术服务) Horizontal well stimulation service using variable-density plugging balls and 2D flexible composite materials for multi-level adaptive plugging; deployed in 1,000+ wells across 20,000+ stages with 20% average single-well production increase.
• Volume Fracture Promotion Technology Service (体积促缝技术服务) Volume fracturing service using VAc™ sewing agent for real-time fracture network evaluation and large-scale fracture control; improves reservoir utilization by 21%, reduces casing deformation by 50%, and increases fluid efficiency by over 20%.
• Foam Drainage Gas Recovery Technology Service (排水采气技术服务) Complete foam drainage gas recovery process service with LP-FOAM™ foaming agents and intelligent control system for gas well deliquification; supports up to 80% liquid carrying capacity at 130°C.
• Pipeline Corrosion Protection Technical Service (管道腐蚀防护技术服务) Pipeline corrosion protection service using LP-SterAC™ germicides and corrosion inhibitors tailored to complex pipeline conditions; reduces pipeline failure rate by ≥90% and achieves 100% kill rate for common bacteria.
• Oil & Gas Pipeline Reinforcement Technical Service (油气管道补强技术服务) In-service pipeline reinforcement service using pressure-bearing non-welding steel epoxy sleeve and reinforced fiber composite repair technology for natural gas, crude oil, and refined oil pipelines.
• Comprehensive Deblocking Technical Service (综合解堵技术服务) Comprehensive blockage removal service for formation, wellbore, and production blockages using professional process analysis and LP-DeBLOCK™ unblocking agents; achieved >70% production increase in 30+ wells.
• Oil & Gas Well Desulfurization Technology Service (油气井除硫技术服务) Chemical desulfurization process technology service using H2S and mercaptan reaction principles for efficient and environmentally friendly desulfurization products and equipment in sour gas fields.

Quantifiable outcome

• Average production increase 20-30% with High-Efficiency Proppant Placement Technology (250+ wells)
• +16 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered minor, moderate and core.

• 尼日尔石油部 (Niger Ministry of Petroleum)minorStrategic or Co-development Partner · 12 November 2024Niger petroleum ministry delegation visited LEPS in November 2024 under invitation from Chengdu Rongshang Chamber of Commerce.双方就'非常规油气开发'展开了深入的技术交流. Represents potential international market expansion and technology exchange.
• 中科院成都有机化学公司 (CAS Chengdu Institute of Organic Chemistry)moderateStrategic or Co-development Partner · 1 January 2024Part of strategic cooperation platform for shale oil and gas extraction key technology R&D. Contributes specialized chemistry expertise to LEPS's product development.
• 成都理工大学 (Chengdu University of Technology)minorStrategic or Co-development Partner · 1 January 2024Academic partner in LEPS's shale oil and gas extraction R&D strategic cooperation platform. Established 'Employment Internship Base' in March 2024 for talent cultivation and industry-academia collaboration.
• 四川轻化工大学 (Sichuan University of Science & Engineering)minorStrategic or Co-development Partner · 1 January 2024Academic partner in LEPS's strategic cooperation platform for shale oil and gas extraction technology R&D.
• 西南石油大学 (Southwest Petroleum University)coreStrategic or Co-development Partner · 1 January 2019Established 'LEPS-SWPU Joint Laboratory' in 2019 under Chengdu Science and Technology Bureau's facilitation. Joint R&D team of 196 researchers (51% master's, 18% PhDs, 7% with overseas experience). Jointly undertook 12 national major projects, 10 NSFC projects, 50+ oilfield collaboration projects. Co-developed fracturing and acidizing technologies now deployed across China. LEPS provides industry application perspective and funding; SWPU provides academic research capabilities and talent.

Scale indicators29 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Halliburton: Global leader in hydraulic fracturing, pressure pumping, and stimulation chemicals. Operates the largest North American frac fleet and a meaningful international footprint; directly comparable to LEPS in stimulation services and specialty chemistry, though at vastly greater scale.
• Trican Well Service: Canadian oilfield services company specialized in pressure pumping, coiled tubing, and nitrogen services. Closely comparable to LEPS's fracturing and stimulation services model with a focus on specialized chemistry and well intervention.
• Weatherford International: Global oilfield services company with strong stimulation, production chemistry, and well intervention offerings. Comparable to LEPS in acidizing, fracturing, and production enhancement services across international markets.
• Jereh Oilfield Services Group: Major Chinese oilfield equipment and services company providing fracturing equipment, wellhead systems, and production chemistry to CNPC, Sinopec, and CNOOC. Overlaps LEPS in stimulation services and oilfield chemicals with stronger equipment manufacturing focus.
• Sinopec Oilfield Service Corporation: Sinopec-affiliated oilfield services arm covering well drilling, completion, and stimulation across Sinopec's oil and gas blocks. Most direct domestic competitor to LEPS given shared Sinopec customer base and overlapping stimulation chemistry/services.
• Select Water Solutions: US-focused water handling and oilfield chemistry provider serving unconventional producers. Closely comparable to LEPS in oilfield chemicals for fracturing operations, though primarily North American-focused.
• COSL (China Oilfield Services Limited): Largest Chinese offshore oilfield services company and a key CNPC-affiliated services provider. Offers well stimulation, drilling, and geophysical services; directly competes with LEPS for Chinese NOC stimulation and production chemistry contracts.

Emerging players

• Flotek Industries: US oilfield chemistry company focused on proprietary stimulation and production chemistries for unconventional reservoirs. Comparable to LEPS's chemistry-led differentiation, though smaller in scale and facing ongoing business restructuring.

Broad incumbents

• Baker Hughes: Major oilfield services and industrial energy technology company with significant pressure pumping, production chemistry, and reservoir stimulation capabilities. Directly comparable to LEPS in stimulation chemicals and field services.
• SLB (Schlumberger): World's largest oilfield services company with a comprehensive stimulation, production chemistry, and reservoir technology portfolio. Overlaps LEPS across acidizing, fracturing fluids, and production chemicals; competes via local Chinese JVs and global accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/LEPS_2014
• LinkedInlinkedin.com/company/%E6%88%90%E9%83%BD%E5%8A%B3%E6%81%A9%E6%99%AE%E6%96%AF%E7%A7%91%E6%8A%80%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LEPS Technology