Neway Petroleum Equipment Suzhou Co.

What Neway Petroleum Equipment Suzhou Co. does

Neway Petroleum Equipment (Suzhou) Co., Ltd. (NOE) is a Chinese manufacturer of high-pressure intelligent flow control equipment serving the global oil and gas drilling and production industry. The company designs and builds wellhead Christmas trees (conventional, dual-tubing, single-bore dual-well configurations), choke and kill manifolds, blowout preventers, gate/ball/check/plug valves rated up to 25,000 psi, fracturing trees and manifolds rated up to 20,000 psi, hydraulic and pneumatic actuators, wellhead control panels, HIPPS safety systems, and subsea valves and BOP control pods rated for water depths up to 3,000 meters. Products are certified to API 6A, API 16A, API 16C, API 17D, API Q1, CE-PED, PR2/PR2F, and DNV standards, with testing supported by a CNAS-accredited in-house laboratory. NOE is a wholly-owned subsidiary of Neway Group (纽威集团, Shanghai Stock Exchange: 603699), a publicly listed Chinese industrial valve group.

NOE generates revenue through project-based direct sales of custom-configured equipment to national oil companies, international oil companies, drilling contractors, and offshore engineering firms. Pricing is quote-based rather than list-based, reflecting specification-driven customization (pressure rating, materials, certifications). The company combines direct enterprise sales with a network of overseas agents and distributors, supported by regional sales and service offices in Dubai (Middle East hub), Singapore (Asia-Pacific), the United States (Americas), and Saudi Arabia, plus manufacturing facilities in Suzhou, China and Ba Ria–Vung Tau, Vietnam. Exports account for over 90% of total revenue, with major end customers including Kuwait Oil Company (KOC), ADNOC, PDO, Qatar Petroleum, Saudi Aramco, Shell, Halliburton, Schlumberger, SAIPEM, COSL, COOEC, and SAPURA. Strategic cooperation agreements with COOEC and COSL (both signed in late 2023) anchor relationships with China's offshore engineering and oilfield services champions.

Name

Neway Petroleum Equipment Suzhou Co.

Legal name

纽威石油设备（苏州）有限公司

Website

https://newayoilequipment.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

NOE manufactures API-certified high-pressure flow control equipment (wellheads, valves, manifolds, subsea systems) for global oil and gas drilling and production, exporting over 90% of output to Middle East, Asia, and Americas.

Ownership category

akta.pro rank

Product category

Oil and Gas Wellhead and Flow Control Equipment

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

akta.pro secondary industries

Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Oil and gas wellhead equipment
• High pressure valves
• Choke and kill manifolds
• Subsea production equipment
• Fracturing equipment

Headquarters

HQ city

Suzhou

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Oil and Gas Equipment Manufacturing and Sales: NOE designs, manufactures, and sells high-pressure flow control equipment for oil and gas drilling and production. Products include wellhead Christmas trees, gate valves, ball valves, choke valves, plug valves, manifolds, actuators, control systems, and subsea equipment. Revenue is generated through direct equipment sales to oil companies and drilling contractors, with exports accounting for over 90% of total sales. Products serve both land and offshore platforms globally.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Neway Petroleum Equipment (Suzhou) Co., Ltd. (NOE) designs, manufactures, and sells high-pressure intelligent flow control equipment for oil and gas drilling and production. Its portfolio spans wellhead Christmas trees, choke and kill manifolds, fracturing trees, high-pressure gate/ball/choke valves, actuators, wellhead and HIPPS control systems, and subsea valves and BOP control pods rated to 3,000 m water depth. Products are certified to API 6A, API 16A, API 16C, and API 17D and are sold primarily to national and international oil companies and drilling contractors, with over 90% of revenue from exports.

Product overview

Neway Petroleum Equipment (Suzhou) Co. (NOE) is a subsidiary of Neway Group (SSE 603699), specializing in the research, development, production, and sales of high-pressure intelligent fluid equipment for the global oil and gas industry. The company offers a comprehensive portfolio of integrated products including: (1) Production Equipment - wellhead Christmas trees (conventional, dual-tubing, single-bore dual-well), casing heads, tubing heads, and specialized wellheads for geothermal and air energy storage applications; (2) Drilling Equipment - choke and kill manifolds, cementing manifolds, standpipe manifolds, and blowout preventers; (3) Fracturing Equipment - fracturing trees, diverting manifolds, universal manifolds, and high/low pressure manifolds rated up to 20,000psi; (4) Valves - extensive range including gate valves (GBS, GBC, GBSR, GE series), ball valves (fixed, floating, double-ball, mud valves), plug valves, choke valves, globe valves, and check valves; (5) Actuators and Control Systems - pneumatic diaphragm and piston actuators, hydraulic actuators (single and double-acting), wellhead control panels, HIPPS systems, choke and kill control systems, and self-powered emergency shutdown systems; (6) Subsea Products - ROV-operated gate and ball valves, subsea double block and bleed valves, and subsea BOP control pods rated for depths up to 3,000m; (7) Well Testing Equipment - testing trees, wireline logging manifolds, debris catchers, cyclone and dual-barrel sand separators. These products serve the entire oilfield lifecycle from drilling through production, with applications in drilling, subsea oil and gas, oil and gas extraction, gathering/storage, well cementing/completion/testing, and geothermal energy. The company exports to Middle East, Americas, and Asia with export revenue exceeding 70% of total sales.

Differentiator

Problem solved

Functional benefit

Products and services

• Choke and Kill Manifold (节流压井管汇) API 16C standard choke and kill manifold for controlling well pressure during drilling operations, for land and offshore use, pressure ratings up to 20,000 psi. Sold to drilling contractors and oil companies.
• Blowout Preventer / BOP (防喷器) Well control equipment that prevents blowouts during drilling, well completion, and workover operations; available in standard, pipe ram, and rotating BOP configurations. Sold to drilling contractors and oil companies.
• Standpipe Manifold (立管管汇) Manifold system that connects mud pumps to the standpipe and regulates mud flow and pressure during drilling operations. Sold to drilling contractors.
• Cementing Manifold (固井管汇) Cementing manifold equipment that pumps cement slurry into the annular space between casing and wellbore during well cementing. Sold to drilling contractors and oilfield service companies.
• Conventional Christmas Tree (常规采油（气）树) Surface wellhead assembly for controlling oil and gas production from flowing wells, with compact design suitable for land and platform installation. Sold to oil and gas E&P companies.
• Dual Tubing Christmas Tree (双油管采油树) Dual-tubing wellhead system for multi-layer reservoir extraction, enabling simultaneous production from two different formations with independent control. Sold to oil and gas E&P companies.
• Single-Bore Dual-Well Christmas Tree (单筒双井采油树) Dual-well technology allowing two directional wells in one conductor, sharing one conductor pipe for offshore marginal field development. Sold to offshore E&P operators.
• Fracturing Tree (压裂树) High-pressure wellhead fracturing channel assembly for multi-valve combination in shale/tight oil fracturing operations, rated up to 20,000 psi. Sold to unconventional oil and gas developers.
• Diverting Manifold (分流管汇) High-pressure manifold for multi-wellhead zipper fracturing operations, featuring modular design for flexible layout. Sold to unconventional oil and gas developers.
• Universal/High-Pressure Fracturing Manifold (万向管汇) E-style fracturing manifold that connects hydraulic fracturing fluid sources to the fracturing tree, designed to span uneven terrain. Sold to unconventional oil and gas developers.
• Single-Seal Gate Valve GBS Series (单阀座闸阀 GBS系列) Full-bore API 6A gate valve with pressure self-sealing lipseal design for oil and gas wellhead applications, rated up to 20,000 psi. Sold to oil companies and drilling contractors.
• Double-Seal Gate Valve GBC Series (双阀座闸阀 GBC系列) Full-bore double-seal gate valve for oil and gas wellhead shutdown applications, rated up to 15,000 psi. Sold to oil companies and drilling contractors.
• Ball Screw Gate Valve GBSR Series (滚珠丝杆闸阀 GBSR系列) High-pressure large-bore manual gate valve with ball screw mechanism for reduced operating torque, rated up to 25,000 psi. Sold to oil companies and drilling contractors.
• Fixed Ball Valve (固定式球阀) Two-piece, three-piece, and top-entry API 6A ball valves with fire-safe design for on/off and isolation applications, rated up to 15,000 psi. Sold to oil companies and drilling contractors.
• Floating Ball Valve (浮动式球阀) Compact floating ball valve with reliable sealing for small-diameter manual operation, rated up to 10,000 psi. Sold to oil companies and drilling contractors.
• Plug Valve (旋塞阀) Field-validated plug valve for cementing, fracturing, acidizing, and coiled tubing operations, rated up to 20,000 psi. Sold to oilfield service companies.
• Choke Valve (节流阀) Variable and fixed choke valves for pressure control in drilling and production operations, available in needle, sleeve, orifice, and plunger styles. Sold to oil companies and drilling contractors.
• High Integrity Pressure Protection System / HIPPS (高完整性压力保护系统) SIL3 safety instrumented system that rapidly shuts off fluid flow when process pressure exceeds safe limits, preventing overpressure accidents. Features redundant design and 2-second response time. Sold to oil and gas operators.
• Wellhead Control Panel / WHCP (井口安全控制系统) Surface and subsurface safety valve control system for oil and gas wells, with fire emergency shutdown, local ESD, remote DCS integration, and gas concentration monitoring. Sold to oil and gas operators.
• Pneumatic Piston Actuator AP Series (气动活塞驱动器 AP系列) Pneumatic piston actuator for higher control pressure requirements, suitable for larger size and higher pressure valves. Sold to oil and gas operators.
• Conventional Single-Acting Hydraulic Actuator AH Series (常规型单作用液动驱动器 AH系列) Piston-type hydraulic actuator for wellhead safety valves and flowline valves, suitable for fail-safe and fail-open applications. Sold to oil and gas operators.
• Subsea ROV Gate Valve (水下ROV操作闸阀) API 17D subsea gate valve operated by ROV, rated for water depths up to 3,000 m, designed for subsea Christmas trees and manifolds with PR2F type testing certified by DNV. Sold to offshore and deepwater operators.
• Subsea ROV Ball Valve (水下ROV操作球阀) API 6DSS subsea ball valve operated by ROV, suitable for subsea manifolds, PLEM, PLET, and pipelines up to 3,000 m depth. Sold to offshore and deepwater operators.
• Subsea BOP Control Pod (水下BOP控制盒) Domestically developed control pod for subsea Blowout Preventer systems, representing China's first localized subsea BOP control system for deepwater drilling safety. Sold to offshore and deepwater operators.
• Testing Tree (试油树) Top-mounted well testing equipment for flow control and testing of wellhead production, with hydraulic fail-safe valve. Sold to oilfield service companies and drilling contractors.
• Wireline Logging Manifold (测井管汇) Well logging manifold for cement evaluation and casing bonding assessment, with adjustable and fixed choke valves. Sold to oilfield service companies.
• Casing Head (套管头) Bottom section of wellhead assembly connecting to the outermost casing, supporting subsequent wellhead equipment. Sold to oil and gas E&P companies.
• Air Energy Storage Injection/Production Wellhead (空气储能注采井口) Large-bore wellhead for high-pressure gas rapid injection and extraction in compressed air energy storage applications. Sold to gas storage/strategic petroleum reserve operators.
• Geothermal ESP Wellhead (地热电潜泵井口) Wellhead with cable penetrator for electrical submersible pump installations in geothermal applications. Sold to geothermal energy developers.
• Injection/Production Brine Discharge Wellhead (注采排卤井口) Integrated wellhead combining gas injection, production, and brine discharge for salt cavern gas storage construction. Sold to gas storage operators.
• CM-4110-05 Marine Drilling Platform Compact Choke Manifold System (CM-4110-05海洋石油钻井平台用紧凑型阻流管汇系统) Marine oil drilling platform compact choke manifold system using highly integrated and modular design, achieving multi-functional integration of chokes, kill, and monitoring in limited platform space. Sold to offshore drilling contractors.

Quantifiable outcome

• First Chinese brand to receive KOC approval for wellhead actuators and choke valves, with full-size 15,000 psi coverage and unlimited actuator coverage
• +4 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• COOEC (海洋石油工程股份有限公司 / Offshore Oil Engineering Co., Ltd.)coreStrategic or Co-development Partner · 25 December 2023NOE and COOEC signed a long-term strategic cooperation agreement in December 2023. Since 2016, NOE and COOEC have cooperated closely in subsea product development, achieving multiple invention patents and performance breakthroughs. The agreement aims to jointly promote China's offshore equipment localization rate and enhance core competitiveness of the industrial chain. In July 2024, the two companies established a joint 'Talent Cultivation and Training Base' for subsea products at NOE's Suzhou headquarters.
• COSL (中海油田服务股份有限公司 / China Oilfield Services Limited)coreStrategic or Co-development Partner · 21 November 2023NOE and COSL signed a long-term strategic cooperation agreement in November 2023. NOE has been providing high-pressure fluid equipment and field technical services for COSL's drilling platforms worldwide, contributing to the localization of key equipment and supporting COSL's overseas expansion. The partnership focuses on resource sharing, complementary technology, R&D collaboration, and rapid response to build a synergistic mechanism.
• COOEC — Subsea Equipment Development (Earlier Phase)coreStrategic or Co-development Partner · 1 January 2016Since 2016, NOE and COOEC have maintained close cooperation in the field of subsea equipment technology, achieving multiple invention patents and breakthroughs. This partnership laid the foundation for the 2023 strategic cooperation agreement and the joint talent training base established in 2024.

Scale indicators8 records

Recent moves4 records

Expansion highlights6 records

Direct peers

• Dril-Quip: Dril-Quip is a leading global manufacturer of subsea and surface wellhead equipment, including Christmas trees, subsea valves, and production systems. It is the closest direct peer to NOE in terms of product mix (API 6A/17D wellhead and subsea valves) and customer profile (NOCs, IOCs, drilling contractors).
• Honghua Group: Honghua Group is a leading Chinese manufacturer of drilling rigs and oilfield equipment with international operations. It overlaps with NOE in drilling-related equipment (BOPs, manifolds, drilling valves) and competes in similar Middle East and emerging markets.
• Yantai Jereh Oilfield Services Group: Jereh is a major Chinese oilfield equipment and services company providing wellheads, valves, fracturing equipment, and oilfield chemicals with a global sales footprint. It is the most directly comparable Chinese peer to NOE in scope, scale, and end-market exposure.
• Sichuan Sunny Valve Co. Sichuan Sunny Valve is a Chinese manufacturer of industrial and oilfield valves, including high-pressure gate, ball, and check valves. It competes directly with NOE in the Chinese and export valve market with overlapping customer segments in oil and gas.

Broad incumbents

• Aker Solutions: Aker Solutions is a Norwegian oilfield services and equipment provider with capabilities in subsea production systems, wellheads, and manifolds. It overlaps with NOE in subsea valves and wellhead equipment for deepwater developments.
• TechnipFMC: TechnipFMC is a major Western OEM providing integrated subsea production systems, wellhead equipment, and surface valves. It directly competes with NOE in subsea valves, manifolds, and Christmas trees while offering broader EPC and integration capabilities.
• Baker Hughes: Baker Hughes provides comprehensive oilfield equipment and services including wellheads, valves, surface production systems, and subsea trees. As one of the four major oilfield service incumbents, it competes with NOE in tenders across global NOCs and IOCs.
• Cameron (Schlumberger): Cameron, now part of Schlumberger, is one of the original global leaders in wellhead and Christmas tree equipment, choke and kill manifolds, and valves. NOE has passed Schlumberger's supplier audit and competes directly with Cameron across wellhead product lines globally.
• Weatherford International: Weatherford is a large oilfield services and equipment OEM offering wellhead equipment, valves, and production systems. Its global install base and after-sales service network overlap materially with NOE's target customer segments.

Regional players

• SBM Offshore: SBM Offshore is a Dutch FPSO and offshore mooring specialist that recently granted approval to NOE. While focused on FPSO conversion and offshore production, it represents a key Western customer/peer that validates NOE's subsea equipment qualification globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100083133350171
• LinkedInlinkedin.com/company/neway-oil-equipment

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Neway Petroleum Equipment Suzhou Co.