DENVER, September 29, 2014 /PRNewswire/ -- "The integrated concept is just like a circle. Every step we push forward should be involved in it so as to achieve the highest cost efficiency and maximum environmental protection in oilfield management." said David Liu, the vice president of Jereh Group (SZ 002353) at OGIF 2014 in Denver.
Currently, Chinese oil & gas players become more and more active in America. In addition to the three national giants, Sinopec, CNPC and CNOOC, some private service companies or equipment manufacturers also enter into this big market with new solutions and innovation. In the 14th U.S.-China Oil and Gas Industry Forum (OGIF), David Liu from Jereh made a speech on "Integrated Solutions for Oilfield Management," starting from Jereh's new product 4500hhp turbine frac pumper, "Small Well Site, Great Frac Job" new concept fracturing, CO2 fracturing to modularized LNG project and environment management, for the most cost-effective and eco-friendly goal in the unconventional E&P.
"Every solution I have presented is independent to solve challenges in the corresponding sector, but they together realize all-round oilfield management," said David. Since China suffers the most complex geology problems in the world, some Chinese players offer new concepts and innovation to reduce the human cost and increase investment return, which can be applied in America and other countries. For example, Jereh's Apollo turbine frac pumper enjoys the world's largest output power up to 4500 hhp. Meanwhile, it is a key part in Jereh's 'Small Well Site, Great Frac Job' solution, which achieves 50% labor saving. Also inspired by Chinese cyclical continuity philosophy in Daoism, Jereh's recycling use of carbon in different phase state for fracturing has great advantages in water saving, production stimulation and eco-protection.
Moreover, eco-friendly oilfield concept is run through the speech. Services covering waste injection, oil-based mud or cuttings management and frac flowback fluid treatment ensure "zero-discharge". And in response to new rules of flare gas disposal in America, David indicated modularized LNG project is pivotal since its quicker construction and lower investment bring more flexibility in gas commercialization.
"Integration is a kind of mind deeply ingrained in Jereh's industry solutions," said David, after the speech. "We believe with integrated concept deployed in the coming shale gas development in America and China, more challenges in global oil and gas industry would be solved."
About OGIF
Led by American Department of Energy and Chinese National Energy Administration, the OGIF provides a platform to solve existing challenges and promotes commercial oil and gas policy development. The attendees are those industry giants including Halliburton, GE, CNPC etc.
About Jereh
Jereh group, headquartered in Yantai, China, is a worldwide leading company in oil & gas equipment manufacturing and services for drilling, completion, gas compression, liquefaction, fueling and oil &gas engineering services. Leveraging its strong R&D, high-quality production facilities and a global sales network, Jereh has served customers in over 60 countries.
For more information, www.jereh.com
Photo- http://photos.prnewswire.com/prnh/20140927/148746
CONTACT: Maya Shi, shihj@jereh.com
