What Haimo Technologies Group does

Haimo Technologies Group Corp. is a Lanzhou-headquartered, Shenzhen-listed (Stock Code: 300084) multinational enterprise that designs, manufactures, and services multiphase flow metering (MPFM) equipment for the global oil and gas industry. Founded in 1994 and operating across 9 countries, the company is one of the top 5 global MPFM suppliers with more than two decades of specialized expertise. Its core technology uses gamma ray-based phase fraction analysis to measure oil, gas, and water flow rates in situ without prior separation, with product families spanning Spool Piece MPFM, Full Range MPFM, Bulk MPFM, Wet Gas Meters, Water Cut Meters, and Subsea MPFM (the latter DNV-certified for offshore applications). Independent NEL testing validated a world-record RMSE of 0.51% on air mass flow rate for its wet gas meter. Other notable technical components include a DNV-targeted subsea MPFM engineering prototype rated to 10,000 psi and 3,000m water depth (developed with CIMC Marine Engineering), an explosion-proof data acquisition unit with EU ATEX certification, and the LiveFlo™ product family launched in the US in 2020 for smart oilfield applications.

The company operates across three integrated lines of business: (1) MPFM equipment sales — capital equipment sold to NOCs and IOCs via competitive tenders and direct enterprise contracts (Saudi Aramco, PDO, ADCO, CNOOC, Shell); (2) oilfield services — long-term service contracts, mobile well testing, MPFM maintenance, and digital oilfield/IPOS production optimization delivered through wholly-owned subsidiaries in the Middle East (Oman, UAE, Saudi Arabia, Kuwait), North America (Houston), and Latin America (Colombia); and (3) fracturing equipment and US unconventional E&P — fracturing pump fluid end assemblies manufactured through Shanghai Qinghe Machinery (acquired 2014), plus upstream operations by Haimo Oil & Gas LLC in the Permian Basin and DJ Basin. The first private Chinese listed company to enter US unconventional oil and gas E&P, Haimo generated a Carrizo Oil & Gas JV in 2012 covering ~60,000 net acres of Niobrara shale.

Haimo's go-to-market is enterprise field sales anchored by 12+ wholly-owned subsidiaries and local offices, supplemented by an event-driven presence at ADIPEC, OTC, OPES, MEOS, OGWA, CIPPE, and Caspian Oil & Gas. Long-term service contracts (e.g., PDO 10+ years, Occidental of Oman April 2026) and tender-based equipment sales form the revenue backbone. Pricing is project/quote-based and not publicly disclosed. The company carries ISO 9001/14001/OHSAS 18001 certifications, weapons and nuclear-grade quality management certifications, and was designated the Gansu Provincial Shale Oil Fracturing Tools Engineering Laboratory in 2013.

Name

Haimo Technologies Group

Legal name

Haimo Technologies Group Corp.

Website

http://www.haimotech.com/

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Haimo Technologies Group Corp. is a Shenzhen-listed (Stock Code: 300084) multinational oilfield equipment manufacturer and service provider specializing in multiphase flow metering (MPFM), fracturing equipment, and US unconventional E&P, serving NOCs and IOCs across 9 countries.

Ownership category

akta.pro rank

Product category

Oilfield Equipment and Production Measurement

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Totalizing Fluid Meter and Counting Device Manufacturing (334514)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Test, Measurement & Calibration Equipment Manufacturing Services (ATE, DAQ, metrology electronics) (IMAGAGAH)

akta.pro secondary industry

Controls, Monitoring & Condition Management (for Pumps/Compressors) (IMAHANAI)

Keywords

• Multiphase flow metering
• Oilfield equipment manufacturing
• Fracturing pump fluid ends
• Subsea production measurement
• Digital oilfield solutions

Headquarters

HQ city

Lanzhou

HQ country

China

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. MPFM Equipment Sales: Sale of multiphase flow metering equipment (Spool Piece, Full Range, Bulk, Subsea, Wet Gas, Water Cut meters). One-time capital equipment sales to oil and gas operators. Major contracts include ARAMCO bulk orders, ADCO ASAB project ($5.58M), CNOOC orders.
2. Oilfield Services: Services including MPFM maintenance, mobile well testing, flowback and well testing, fracturing, and digital oilfield services. Both long-term contracts and project-based engagements. Geographic coverage: Middle East, North Africa, Asia.
3. Fracturing Equipment: Sale of fracturing pump fluid end assemblies, valves and seats, plunger packing assemblies, plungers, ball injectors, frac heads, and fracturing wellheads through subsidiary Shanghai Qinghe Machinery. Also FE leasing service (pump hours rented by contracting package).
4. Oil & Gas Exploration and Production: Revenue from oil and gas production in the Permian Basin (West Texas) and DJ Basin (Colorado) through subsidiary Haimo Oil & Gas LLC. Operations include horizontal drilling and fracturing. First Chinese private listed company to enter US unconventional oil & gas E&P.
5. Production Optimization / Digital Solutions: IPOS (Integrated Production Optimization Services), AI single-well optimization models, well test management, gas well production optimization. Provided through Haimo Pandora Data Technology (Shenzhen) subsidiary and as part of integrated service packages.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Haimo Technologies Group Corp. manufactures and supplies multiphase flow metering (MPFM) equipment, fracturing pump fluid end assemblies, subsea metering systems, and digital oilfield solutions for global oil and gas operators. The company also delivers oilfield services including mobile well testing, flowback water treatment, integrated production optimization (IPOS), and operates unconventional oil and gas exploration and production in the US Permian and DJ basins.

Product overview

Haimo Technologies Group is a multinational enterprise providing high-end equipment and services for oil and gas field stimulation, production optimization, reservoir management, and digital transformation. The company offers a diversified portfolio organized into five main product/service categories: (1) Multiphase Flow Metering Products (MPFM) including Spool Piece MPFM, LiveFlo MPFM, Full Range MPFM, Bulk MPFM, Wet Gas Meters, Water Cut Meters, and Subsea MPFM variants; (2) Oil and Gas Field Services covering maintenance, mobile well testing, flowback solutions, and digital oilfield services; (3) Fracturing Equipment including fluid end assemblies (QH series from 400TWS to 2800QWS), valve/seats, plungers, and ball injectors manufactured by subsidiary Shanghai Qinghe; (4) Integrated Production Optimization Services (IPOS) featuring AI-powered single-well optimization, intelligent recognition, and real-time monitoring; and (5) Oil & Gas Exploration & Production operations in the Permian Basin and DJ Basin through subsidiary Haimo America. The portfolio is unified by core multiphase metering technology with applications spanning upstream exploration through production optimization.

Differentiator

Problem solved

Functional benefit

Products and services

• Multiphase Flow Metering Products (MPFM) A full range of multiphase flow meters (Spool Piece MPFM, Full Range MPFM, Bulk MPFM, Wet Gas Meters, Water Cut Meters, Subsea MPFM, and the LiveFlo™ family) that measure flow rates of oil, gas, and water in situ without prior separation. Targeted at upstream oil and gas operators (NOCs and IOCs) needing accurate, real-time production data.
• Oil and Gas Services Comprehensive oilfield services including multiphase flow meter maintenance, mobile well testing, fracturing flowback and well testing, digital oilfield services, and enhanced oil recovery services for upstream operators in the Middle East, North Africa, and Asia.
• Fracturing Equipment and Services Patented fracturing pump fluid end assemblies (QH-400TWS through QH-2800QWS), valve and seats, plungers, ball injectors, and fluid end leasing services for hydraulic fracking, cementing, acidizing, and well services. Compatible with SPM, GD, OFM, SJPetro, Jereh, SANY, WQ, QPI, and JR frac pump models.
• Integrated Production Optimization Services (IPOS) Value-added production optimization services combining reservoir and production data for data validation and cleansing, well testing verification and optimization, intelligent allocation, water injection optimization, real-time well monitoring and alarms, and AI-driven production analysis and enhancement consultation.
• Subsea Products Subsea multiphase flow meters and related equipment for subsea X-mas trees, manifolds, and modules. Includes Subsea-MPFM, Shallow Water MPFM, Chemical Injection Metering Valve, and Subsea Pressure & Temperature Transmitter. Subsea-MPFM is DNV-certified.
• Oil & Gas Exploration, Development and Production Unconventional oil and gas E&P operations in the United States through Haimo America, Inc. and Haimo Oil & Gas LLC, focused on Permian Basin (West Texas) and Niobrara Formation DJ Basin (Colorado) assets, including horizontal drilling and multi-stage fracturing.

Quantifiable outcome

• Wet gas meter achieved RMSE of 0.51% for air mass flow rate, 5.77% for liquid mass flow rate, and 1.17% for total mass flow rate at NEL — record-high internationally
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature9 records

Partnerships

Five partnerships are on record, tiered core.

• Occidental Petroleum Oman Inc.coreGTM or Marketing Partner · 1 April 2026Haimo Technologies (Oman) Co., Ltd. won a long-term oilfield service project with Occidental of Oman, Inc. in a fiercely competitive international open tender in April 2026. The contract continues to deepen Haimo's international market presence in the Middle East.
• CIMC Marine Engineering Co., Ltd.coreStrategic or Co-development Partner · 1 May 2020Haimo Technologies and CIMC Marine Engineering jointly applied to undertake a Special Project for Marine Economic Development in Guangdong Province, China, for Marine Engineering Equipment Structure Inspection and Deep Water Metering Device R&D. Haimo is responsible for detailed design and manufacture of a subsea multiphase flow meter engineering prototype with 10,000 psi design pressure and 3,000m water depth capability, to be certified by DNV.
• Belsim SA (Belgium)coreTechnology or Integration · 1 November 2015Partnership agreement signed at ADIPEC 2015 between Haimo and Belsim SA, a world leader in Data Validation and Reconciliation delivering Process Intelligence for Oil, Gas, and Process industries. The agreement covers business, technical, and market cooperation for the territories of China and the Sultanate of Oman. Signed by Mr. Ma Jun (Haimo Executive Vice-President) and Prof. Boris Kalitventzeff (Founder & Chairman of Belsim SA).
• Shandong Kerui GroupcoreStrategic or Co-development Partner · 1 February 2014Strategic Cooperation Agreement signed on February 20, 2014 between Haimo and Shandong Kerui Group, a fast-developing international enterprise combining petroleum equipment R&D and technical services for oilfield integrated engineering with EPC turnkey project capabilities. The partnership leverages complementary advantages and shared resources to expand service areas and promote mutual business lines in domestic and overseas markets.
• Carrizo Oil & Gas, Inc.coreStrategic or Co-development Partner · 1 October 2012In October 2012, Haimo Oil & Gas LLC entered into a joint operating agreement with Carrizo Oil & Gas, Inc. (Nasdaq: CRZO), acquiring 14.2857% undivided working interest in approximately 60,000 net acres of Niobrara shale oil and gas properties in DJ Basin, Colorado, along with associated infrastructure and approximately 185 boe/day production. Haimo participated in 132 horizontal wells operated by Carrizo by August 2016. This made Haimo the first private public listed Chinese company to invest in US upstream unconventional oil & gas exploration and production.

Scale indicators6 records

Recent moves13 records

Expansion highlights6 records

Emerging players

• TechnipFMC: TechnipFMC specializes in subsea production systems and integrated offshore solutions, including subsea metering and X-mas trees. Haimo's Subsea-MPFM (DNV-certified for subsea X-mas trees and manifolds) competes with TechnipFMC's integrated subsea offerings.

Direct peers

• Weatherford International: Weatherford offers oilfield services, well testing, and production optimization solutions globally. Haimo's well testing, flowback, and MPFM commissioning/performance guarantee services overlap with Weatherford's well-site services portfolio in the Middle East and other core regions.
• Endress+Hauser: Endress+Hauser is a global leader in industrial process measurement instruments, including flow, level, and analytical devices for oil & gas. Haimo's flow meters and water cut meters compete with Endress+Hauser products in custody transfer, allocation, and process measurement applications.
• Yokogawa Electric: Yokogawa provides process control, flow measurement, and field instruments widely used in oil & gas and petrochemical plants. Haimo competes with Yokogawa in flow and multiphase measurement as well as digital oilfield and asset management solutions.
• Emerson Electric (Rosemount): Emerson, via its Rosemount and Roxar brands, is a leading process measurement and multiphase metering provider to oil & gas operators. Haimo's MPFM, wet gas meters, and water cut meters compete directly with Emerson/Roxar multiphase and wet gas products in the same customer base.

Broad incumbents

• Halliburton: Halliburton is a global oilfield services major with significant exposure to fracturing equipment, well testing, and production optimization. Haimo's fracturing fluid-end assemblies (Shanghai Qinghe) and IPOS services directly overlap with Halliburton's product and service portfolio in the Middle East and Asia.
• SLB (formerly Schlumberger): SLB is the world's largest oilfield services company and a direct competitor in multiphase flow metering, production optimization, and digital oilfield solutions. Haimo competes against SLB's MPFM and digital offerings while serving the same NOC and IOC customer base (Saudi Aramco, PDO, CNOOC, Shell).
• Baker Hughes: Baker Hughes provides oilfield equipment, measurement, and production solutions globally, including multiphase metering and subsea systems. Haimo competes with Baker Hughes in MPFM, subsea metering (e.g., Subsea-MPFM), and digital oilfield offerings for NOCs and IOCs.
• ABB: ABB provides industrial automation, measurement, and digital solutions for oil & gas and process industries, including flow measurement and asset management software. Haimo's MPFM, IPOS, and Haimo Pandora digital oilfield solutions overlap with ABB's measurement and industrial software portfolio.

Regional players

• China Oilfield Services Limited (COSL): COSL is a leading China-based oilfield services company with offshore E&P, well logging, and oilfield equipment offerings, primarily serving Chinese NOCs (CNOOC, Sinopec, CNPC). COSL is the closest Chinese listed peer to Haimo's MPFM, fracturing, and oilfield services business, though COSL is more offshore-geared.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/haimo-technologies-inc.-chinext-300084-

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries15 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 Haimo Technologies Group