Baoji Saifu Petroleum Machinery Co., Ltd.

Baoji Saifu Petroleum Machinery Co., Ltd. is a small- and medium-sized private high-tech enterprise specializing in the design, manufacture, sales, leasing, and engineering technical services of petroleum machinery products, with its flagship product being cable blowout preventers—equipment for safely controlling wellhead pressure in oil and gas wells. It is a specialized, sophisticated, and innovative “Little Giant” enterprise and serves as the chairman unit of the Shaanxi Provincial Petroleum Society.

　　The company was established in March 2004 and is located on Gaoxin 19th Road in Baoji City. It covers an area of over 20,000 square meters and employs more than 130 staff members. Its registered capital amounts to 25.7335 million yuan, and its total assets stand at 135 million yuan. The company boasts a well-established organizational structure, with departments including a Technology Research and Development Center, a Finance Department, a Planning and Management Department, an Office of the General Manager, an Administration Department, a Marketing Department, a Procurement Department, a Production Department, and a Quality Inspection Department. The company has two wholly-owned subsidiaries: Baoji Aili Energy Equipment Co., Ltd. and Baoji Zhida Youge Petroleum Equipment Testing Co., Ltd. The company places great emphasis on R&D systems and talent development, possessing numerous core, independently owned intellectual property rights and a comprehensive quality control system. It has obtained multiple certification and honor certificates, and the proportion of scientific and technological personnel engaged in R&D and innovation activities accounts for over 30% of the total workforce.

　　The company is a leading enterprise in China’s cable blowout preventer (BOP) products and services sector. With 17 years of specialized expertise in the R&D, design, and manufacturing of cable BOPs, it has now become a key player in the petroleum machinery industry in Baoji City. As a domestic manufacturer of well-control cable BOPs, the company is an important supplier of safety control system equipment for shale oil and gas as well as tight oil and gas development projects undertaken by CNPC and Sinopec. The revenue from its core products accounts for an average of 98.495% of total business revenue, and its national market share exceeds 60%, placing it among the top players nationwide.

　　As of the end of 2021, the company had completed 72 product R&D projects, of which 64 have been granted utility model patents and 8 have been granted invention patents, forming a cluster of independently owned intellectual property rights for its products. In the past three years, the company has filed 7 invention patent applications that are currently pending but not yet granted. The company has been recognized as a provincial-level SME Innovation and R&D Center in Shaanxi Province and has successively received honors including Shaanxi Province’s AAA-rated Quality and Credit Enterprise, Shaanxi Province’s Science and Technology-based SME, Shaanxi Province’s Gazelle Enterprise, and Shaanxi Province’s Intellectual Property Advantage Enterprise. It is also designated as a high-tech enterprise in Shaanxi Province. Its flagship product—the cable blowout preventer—is a renowned brand product in Shaanxi Province, and the “SAIFU” trademark has been awarded the Shaanxi Province Trademark title. The company’s high-efficiency hydraulic jetter, developed through R&D efforts, was awarded the Third Prize for Patents in Shaanxi Province. In 2021, the company was recognized as a “Specialized, Fine, Distinctive, and Innovative Little Giant” enterprise.

　　The company boasts strong capabilities in production, processing, and quality inspection. It is equipped with over 50 sophisticated, large-scale, and specialized production devices, including horizontal boring and milling centers, vertical CNC machining centers, CNC lathes, and CNC milling machines. Additionally, the company possesses more than 30 pieces of quality-testing and experimental equipment, such as magnetic particle flaw detectors, ultrasonic flaw detectors, mechanical property testing instruments, and chemical composition analyzers. From 2020 to 2022, the company invested over 5 million yuan in upgrading its original blowout preventer production line by acquiring advanced equipment—including machining centers, CNC lathes, and digital ultrasonic instruments—resulting in an estimated increase in output value of 30 million yuan.

　　The company is deeply rooted in the domestic market while actively expanding its presence in overseas markets. Focusing on new technologies and processes for developing emerging clean energy sources such as shale gas and coalbed methane, the company has continuously achieved outstanding results in R&D, production, and quality of its new products. In recent years, the company has won an increasing number of customers, with its products now being sold to oil and gas fields including Daqing, Jilin, Liaohe, Tarim, Changqing, Qinghai, Tuha, Sichuan, Dagang, Jiangsu, Jianghan, Shengli, and CNOOC, as well as to China National Petroleum Corporation’s (CNPC) five major drilling companies. Its equipment accompanies CNPC and SINOPEC operational teams on overseas projects, and its products have already been deployed at more than ten oilfield sites in countries including Iraq, Iran, Sudan, Syria, Angola, Gabon, Indonesia, Kazakhstan, and Venezuela. The company has established multiple regional after-sales service centers across China’s oilfields, making significant contributions to global oil exploration and development.

　　The company consistently upholds the values of “Integrity, Efficiency, Professionalism, Innovation, and Joy,” embraces the mission of “Serving the Global Energy Cause,” and pursues the ambitious vision of “Becoming a World-Leading Energy Development Company.” These principles are thoroughly integrated into every aspect of management and operations, embedded in every position within the organizational structure, and firmly instill in our employees a strong sense of quality awareness and professional dedication. We hold the belief that responsibility is heavier than Mount Tai—Saifu means safety—and from the very inception of the company, we have made oilfield safety our paramount duty. The name “Saifu” is a phonetic transliteration of the English word “safe.” We deeply understand that well-control equipment represents a critical line of defense in petroleum engineering services—a matter of life and death. Over the years, we have anchored our corporate identity in “safety” itself and committed ourselves to providing oilfields with safe and reliable equipment.

　　By leveraging technological and managerial innovations, the company has reduced the unit extraction costs of oil and gas. It provides oilfield customers with safe, efficient, and cost-effective well-control equipment, fully achieving the substitution of imported equipment and realizing complete domestic production of these products. Moreover, the company offers related tax benefits and employment opportunities. The product itself, along with the extension of its subsequent R&D roadmap, will significantly enhance oil extraction efficiency, boost the competitiveness of petroleum enterprises, and ensure energy security.