Sinopec Oilfield Service

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.

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

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

• Oilfield services
• Drilling services
• Geophysical surveying
• Well logging
• CCUS technology

Headquarters

HQ city

Beijing Shi

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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

Core 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

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Regional 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

• LinkedInlinkedin.com/company/sinopec

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Sinopec Oilfield Service