CNPC Group's Drill Bit Business Headquarters Established in TEDA

Recently, CNPC (Tianjin) Drill Bit Co., Ltd. completed its registration in TEDA. Jointly established by three subsidiaries under China National Petroleum Corporation (CNPC), the company serves as the specialized operating platform for CNPC Group's drill bit business. It will focus on Polycrystalline Diamond Compact (PDC) drill bits as its core product, overseeing all aspects of CNPC Group's drill bit business, including R&D, manufacturing, sales, and technical services. Its business scope covers the manufacturing and sales of specialized oil drilling and extraction equipment, as well as the R&D of related machinery. The company's headquarters is located in TEDA, with several regional branches including North China and Northeast China, establishing a nationwide operation and service network.

The establishment of CNPC (Tianjin) Drill Bit Co., Ltd. is a key initiative for CNPC Group to optimize its industrial layout and advance its high-end equipment manufacturing capabilities. It is also an exemplary case of Beijing-Tianjin-Hebei coordinated development and deepened cooperation between central enterprises and local governments, injecting strong momentum into TEDA's high-end equipment manufacturing industry.