Jereh Group(002353)2024-11-29 12:27Group 1: Company Overview - Yantai Jereh Petroleum Service Group Co., Ltd. is actively expanding its overseas operations and enhancing its production capacity in international markets [2] - The company has established a presence in North America since 2008, with ongoing capacity expansion in its facilities [2] - Jereh is also developing a new production and office base in Dubai, UAE, to better serve the Middle East market [2] Group 2: Impact of International Oil Prices - Stable high international oil prices lead to increased exploration and development activities, boosting demand for drilling and completion equipment [2] - Government policies promoting oil and gas production further enhance market demand for related services [2] Group 3: Natural Gas Equipment Business - The demand for natural gas equipment has surged due to the growing consumption of natural gas as a clean energy source [2] - Jereh has secured multiple large project orders globally, resulting in rapid growth in natural gas equipment orders [2] - The company has tripled its production capacity for natural gas compressor units through the establishment of the Jereh Natural Gas Industrial Park [2] Group 4: Applications of Natural Gas Compressors - Jereh's natural gas compressor units are widely used in various fields, including underground gas storage, natural gas transmission, and LNG liquefaction [3] - The company offers integrated solutions from research planning to after-sales service in the natural gas industry [3] Group 5: Electric Fracturing Equipment Advantages - Jereh's electric fracturing equipment offers advantages over traditional diesel-driven equipment, including higher power and lower operational costs [3] - The company has received multiple orders for electric fracturing equipment in North America, indicating strong market recognition [3] Group 6: Middle East Market Strategy - The Middle East is a key strategic market for Jereh, with a comprehensive business layout across various oil and gas sectors [3] - The company has established long-term partnerships with major clients like Saudi Aramco and ADNOC, enhancing its market presence [3] - Recent project orders from state-owned oil companies in Iraq and Bahrain reflect Jereh's growing influence in the region [3]