Sinopec Oilfield Service
Sinopec Oilfield Service Corporation is a Chinese state-controlled integrated oilfield services provider offering full upstream value chain services (geophysics, drilling, logging, special operations, engineering) to parent Sinopec Group and international clients like Saudi Aramco, with proprietary ultra-deep drilling and CCUS technology.
- Company typePublic
- Founded1960
- HeadquartersBeijing Shi, China
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Sinopec Oilfield Service does
Sinopec Oilfield Service Corporation (SSC) is a Chinese integrated oil and gas engineering and technical services company controlled by state-owned Sinopec Group, with over 60 years of operating history and 10,000+ employees. The company provides full industry chain oilfield services spanning geophysical surveys, drilling, logging, special downhole operations, and engineering construction, serving both domestic Sinopec operations and international clients including Saudi Aramco. SSC operates major national demonstration projects including the Fuling Shale Gas Field (China's first large-scale shale gas project and largest outside North America), the Shunbei Oil and Gas Field (billion-ton class with 9,000m+ ultra-deep wells), the Shengli Jiyang Shale Oil National Demonstration Zone, and the Qilu-Shengli million-ton CCUS project. The company has developed proprietary technology platforms including ultra-deep well drilling (setting Asian records at 9,000m+ depths), full-process CCUS technology with China's first 100km supercritical CO2 pipeline, high-temperature logging instruments (MVLog up to 260°C), and fully domestically-produced shale gas/oil development tools.
Sinopec Oilfield Service firmographics
Firmographics- Name
- Sinopec Oilfield Service
- Legal name
- 中石化石油工程技术服务股份有限公司
- Website
- https://ssc.sinopec.com
- Company type
- Public
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Sinopec Oilfield Service Corporation is a Chinese state-controlled integrated oilfield services provider offering full upstream value chain services (geophysics, drilling, logging, special operations, engineering) to parent Sinopec Group and international clients like Saudi Aramco, with proprietary ultra-deep drilling and CCUS technology.
- Ownership category
- akta.pro rank
Sinopec Oilfield Service industry classification
Industry- Product category
- Oilfield Services
- NAICS
- Support Activities for Oil and Gas Operations (213112), Support Activities for Mining (213)
- SIC
- Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)
- akta.pro primary industry
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)
Keywords
Where Sinopec Oilfield Service is headquartered
LocationHeadquarters
- HQ city
- Beijing Shi
- HQ country
- China
- HQ region
- Asia
Offices7 records
Markets served
Sinopec Oilfield Service business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Oilfield Services: The company generates revenue through providing comprehensive oilfield services including geophysical survey, drilling, logging, special downhole operations, and engineering construction. In H1 2023, the company reported new contracts worth 53.44 billion yuan, drilling footage of 5.61 million meters, and operating revenue of 37.13 billion yuan.
- Difficult-to-Recover Reserves Development: The company operates a business model for developing difficult-to-recover oil and gas reserves, which serves as a new profit growth engine.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Sinopec Oilfield Service product offering
Product offeringCore offering
Sinopec Oilfield Service Corporation provides integrated full-industry-chain oil and gas engineering and technical services to exploration and production companies. Core offerings include geophysical surveying, drilling (including ultra-deep 9,000m+ wells), logging/testing/directional drilling, downhole special operations, engineering construction, and hard-to-recover reserves development. The company also delivers proprietary CCUS (Carbon Capture, Utilization and Storage) full-process technology and shale gas/oil development services.
Product overview
Sinopec Oilfield Service Corporation (石化油服/SSC) is China's leading integrated full-industry-chain oilfield services provider offering comprehensive services across the upstream oil and gas value chain. The company's core service lines include: geophysical services (地球物理), drilling services (钻井), logging/testing/directional services (测录定导), downhole special operations (井下特种作业), engineering construction (工程建设), and hard-to-recover reserves cooperation development (难动用储量合作开发). SSC operates major national demonstration projects including the Chongqing Fuling shale gas field (largest commercial shale gas project outside North America), Xinjiang Shunbei oil and gas field (billion-ton class with ultra-deep 9,000m+ drilling capabilities), Shengli Ji Yang shale oil demonstration zone, the Qilu-Shengli million-ton CCUS project, and Saudi Arabia projects for Saudi Aramco. The company has developed proprietary technology platforms including high-temperature logging (MVLog, up to 260°C), directional drilling instruments, and CCUS full-process technology.
Differentiator
Problem solved
Functional benefit
Products and services
- Geophysical Services (地球物理服务) Geophysical survey and exploration services for oil and gas fields, providing subsurface imaging and data collection for exploration and development planning. Serves oil and gas exploration and production companies.
- Drilling Services (钻井服务) Comprehensive drilling services for oil and gas wells, including conventional and complex well drilling, ultra-deep well drilling (over 9,000m depth capability), and specialized drilling technologies for shale formations. Serves oil and gas exploration and production companies.
- Logging, Testing & Directional Services (测录定导服务) Comprehensive logging, testing and directional drilling services for oil and gas wells, including the MVLog high-temperature logging platform (up to 260°C), TEL185/200 directional instruments, and specialized testing tools for deep and ultra-deep wells. Serves oil and gas exploration and production companies.
- Downhole Special Operations (井下特种作业) Specialized downhole operations including well intervention, completion, workover, and well stimulation services for complex well conditions. Serves oil and gas exploration and production companies.
- Engineering Construction (工程建设) Engineering construction services including oil and gas field infrastructure development, pipeline construction, and facility installation for upstream and midstream operations. Serves oil and gas exploration and production companies.
- Hard-to-Recover Reserves Cooperation Development (难动用储量合作开发) Collaborative development services for marginal, difficult-to-recover oil and gas reserves, offering integrated solutions for enhanced oil recovery in challenging reservoir conditions. Serves oil and gas exploration and production companies.
- Full CCUS Technology (CCUS全流程技术) Complete carbon capture, utilization and storage technology including low-cost CO2 capture, all-phase CO2 pipeline design, construction and operation, CO2 flooding and storage, and carbon emission verification. The million-ton CCUS project at Qilu-Shengli fields sequesters 1 million tons of CO2 annually.
- Fuling Shale Gas Services (涪陵页岩气田服务) Integrated shale gas field development services for the Fuling field, including long horizontal section drilling, large-scale hydraulic fracturing, specialized equipment and tools, and smart fracture diagnosis technology. The Fuling field is the first large-scale commercial shale gas project in China and the largest outside North America.
- Shunbei Oil & Gas Field Services (顺北油气田服务) Ultra-deep well drilling services for the Shunbei oil and gas field, a billion-ton class integrated field in the Tarim Basin, Xinjiang. SSC has completed 14 ultra-deep wells exceeding 9,000 meters, setting Asian records for horizontal well sections.
- Saudi Aramco Services (沙特阿美服务) Geophysical, wellbore and engineering construction services delivered to Saudi Aramco as a major onshore drilling contractor in Saudi Arabia, with multiple HSE performance awards received.
- Shengli Ji Yang Shale Oil Services (胜利济阳页岩油服务) Integrated drilling, logging, fracturing and production optimization services for the Shengli Jiyang Shale Oil National Demonstration Zone, China's third national shale oil demonstration zone, focused on continental rift basin shale oil.
Quantifiable outcome
- 2024 average drilling cycle reduced to 32.8 days, with shortest reaching 17.05 days in 2025
- +4 more outcomes
Companies that use Sinopec Oilfield Service
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles3 records
Sinopec Oilfield Service technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Sinopec Oilfield Service partnerships and signals
Strategic signalScale indicators10 records
Recent moves6 records
Expansion highlights5 records
Sinopec Oilfield Service competitors and assessment
Company assessmentRegional players
- Petrofac: International energy services company focused on EPC, operations and maintenance for onshore/offshore oil and gas facilities; comparable to SSC's engineering construction services, with stronger footprint in MENA.
Broad incumbents
- TechnipFMC: Integrated provider of subsea, surface, drilling and engineering services to the upstream oil and gas industry; comparable to SSC's engineering construction and integrated wellbore service lines.
- Weatherford International: Global oilfield services provider covering drilling, evaluation, completions and production across conventional and unconventional plays; competes with SSC's well intervention and completion services internationally.
- Halliburton: Major global oilfield services company with strong drilling, completion and production services portfolios; competes head-to-head with SSC in MENA and Asia and serves as a direct comparison for upstream service execution and technology depth.
- Schlumberger (SLB): Global leader in oilfield services and digital solutions across drilling, evaluation, production and reservoir performance; competes with SSC on international tenders (including Saudi Aramco) and serves as the benchmark for integrated OFS capability globally.
- Saipem: Italian engineering, drilling and construction company serving the upstream energy value chain including pipelines, drilling rigs and CCUS projects; relevant comparable for SSC's engineering construction and CCUS pipeline ambitions.
- Baker Hughes: Worldwide oilfield services and industrial energy technology provider spanning drilling, evaluation, completions and production chemistry; a relevant incumbent peer for SSC's integrated service model and CCUS-adjacent offerings.
Direct peers
- China Oilfield Services Limited (COSL): Largest Chinese offshore oilfield services provider, listed in Shanghai and Hong Kong, offering drilling, well services, geophysical and marine support directly comparable to SSC's integrated upstream service lines and operated by the CNOOC group rather than Sinopec.
- Yantai Jereh Oilfield Services Group: Chinese oilfield equipment and services company with strong exposure to fracturing, wellhead and integrated stimulation services; directly comparable to SSC's shale gas/oil and downhole operations business and competing for domestic unconventional contracts.
Emerging players
- CGG (Compagnie Générale de Géophysique): Global geoscience company specializing in seismic data acquisition, processing and reservoir characterization; directly comparable to SSC's geophysical service line and a relevant peer for subsurface-imaging capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Sinopec Oilfield Service social profiles
Digital presenceSinopec Oilfield Service financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sinopec Oilfield Service leadership team
Management profileNumber of profiles
Profiles4 records
Sinopec Oilfield Service funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sinopec Oilfield Service M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sinopec Oilfield Service
What does Sinopec Oilfield Service do?
Sinopec Oilfield Service Corporation provides integrated full-industry-chain oil and gas engineering and technical services to exploration and production companies. Core offerings include geophysical surveying, drilling (including ultra-deep 9,000m+ wells), logging/testing/directional drilling, downhole special operations, engineering construction, and hard-to-recover reserves development. The company also delivers proprietary CCUS (Carbon Capture, Utilization and Storage) full-process technology and shale gas/oil development services.
Is Sinopec Oilfield Service a public or private company?
Sinopec Oilfield Service is a public company. It is classified as public and is currently operating.
When was Sinopec Oilfield Service founded?
Sinopec Oilfield Service was founded in 1960. It employs 5,001 to 10,000 people.
Where is Sinopec Oilfield Service based?
Sinopec Oilfield Service is headquartered in Beijing Shi, China, in the Asia region.
How does Sinopec Oilfield Service make money?
Two revenue lines are on record. Oilfield Services are the primary driver. The others are difficult-to-Recover Reserves Development.
Who are Sinopec Oilfield Service's main competitors?
Petrofac is listed as a regional player. Broad incumbents are TechnipFMC, Weatherford International, Halliburton, Schlumberger (SLB), Saipem and Baker Hughes. Direct peers are China Oilfield Services Limited (COSL) and Yantai Jereh Oilfield Services Group. CGG (Compagnie Générale de Géophysique) is listed as an emerging player.
Does Sinopec Oilfield Service have an API?
No public API is recorded for Sinopec Oilfield Service.
What industry is Sinopec Oilfield Service in?
Sinopec Oilfield Service's product category is Oilfield Services. Its primary akta.pro industry code is EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals). Its NAICS code is 213112 and its SIC code is 1389.