PETROCHINA(SH:601857) Zhong Guo Hua Gong Bao·2025-12-25 01:45Core Insights - The Bohai Drilling Company has achieved a significant milestone by surpassing a cumulative drilling depth of 20,000 meters in 2023, particularly in complex geological areas [1][2]. Group 1: Drilling Achievements - The 40617 drilling team successfully drilled the Guan 37-19 well to a depth of 2012 meters, contributing to the overall achievement of over 20,000 meters this year [1]. - The team has drilled in challenging areas such as the Oil Production Plant No. 6 and No. 3, as well as geothermal wells in North China, facing issues like loss circulation and collapse [1][2]. Group 2: Technical Innovations - The team developed a replicable technical management model to address complex geological challenges, implementing a tailored drilling strategy for each well [2]. - The use of new PDC drill bits and efficient screw tools has led to a 15% increase in mechanical drilling speed [2]. Group 3: Safety and Risk Management - The team achieved a "zero accident, zero hazard" goal through a comprehensive safety management approach, emphasizing full responsibility, standardized inspections, and practical training [2]. - A closed-loop management mechanism was established to ensure safety controls throughout the drilling process [2]. Group 4: Collaborative Production Mechanism - The team adopted a "modular division of labor and cross-collaboration" approach to optimize equipment utilization and work efficiency [3]. - Strong collaboration with external parties, including geological and mud service units, was emphasized to ensure seamless operations [3]. Group 5: Market Expansion and Revenue Growth - The Bohai Drilling Company is transitioning from service-oriented operations to self-reliant, high-quality development, aiming for significant revenue growth by 2025 [4]. - The company has introduced a comprehensive service model in the coalbed methane market, enhancing geological guidance and engineering efficiency, resulting in a 32% improvement in drilling time [5]. Group 6: Equipment and Technology Upgrades - The company has shifted its product development focus to address on-site challenges, leading to the creation of advanced monitoring equipment for well control [7]. - The introduction of intelligent monitoring systems has significantly improved safety and operational efficiency across various regions [7]. Group 7: Lean Management Initiatives - The company has launched a "Lean Management Deepening Year" initiative to enhance efficiency and reduce costs amid market challenges [8]. - Internal restructuring and market expansion efforts have led to a 35% increase in revenue from new technology services [8].