SINOPEC INTERNATIONAL PETROLEUM SERVICE CORPORATION is located at No. 9 Jishikou Road, Chaoyang District, Beijing. Officially established in December 2003, the company was founded as a wholly-owned subsidiary of China Petrochemical Corporation (SINOPEC Group). Its core original mission was to support the group’s overseas market expansion in petroleum engineering services.
At the initial stage of establishment, the company was tasked with the unified management, coordination and organization of SINOPEC’s upstream petroleum engineering teams to carry out overseas petroleum engineering businesses, serving as the core platform for the group to launch international petroleum engineering service operations.
In December 2012, SINOPEC Group implemented a professional restructuring of its petroleum engineering sector. The petroleum engineering businesses, assets, personnel and affiliated institutions of eight oilfield enterprises were fully integrated to establish SINOPEC Oilfield Service Corporation. Upon the completion of the restructuring, SINOPEC INTERNATIONAL PETROLEUM SERVICE CORPORATION was fully incorporated into the new platform.
After the restructuring, the company undertook an important new responsibility: uniformly managing and operating all of the group’s overseas petroleum engineering businesses on behalf of SINOPEC Oilfield Service Corporation, further standardizing the group’s international engineering service layout and operational system.
Since its founding, the company has strictly implemented SINOPEC Group’s “Going Global” development strategy and fully leveraged its professional functions, achieving remarkable progress in overseas petroleum engineering contracting, oilfield technical services and labor cooperation. It conducts diversified international business cooperation models, including joint ventures, technical service provision, general contracting and sub-contracting.
The company provides a full range of professional petroleum engineering services covering drilling, well logging, mud logging, cementing, well workover, geophysical prospecting and surface engineering construction. Since 2004, both the newly signed contract value and completed contract value of the company’s entire system have maintained rapid and steady growth.
Up to now, the company directly manages 25 overseas institutions, strategically distributed in key energy countries and regions worldwide, including Saudi Arabia, Kuwait, Ecuador, Mexico, Kazakhstan, Bolivia, the United Arab Emirates, Algeria, Nigeria and Myanmar.
As of August 2021, the company had a total workforce of 565 employees, consisting of 314 Chinese staff and 251 local overseas employees. Adhering to the principle of introducing and cultivating high-quality professional talents, the company adopts classified management for international business talents based on different employee types, including domestic employees, expatriate employees, international employees and local employees.
Guided by the development philosophy of internationalized talent development and localized employment, the company has built a systematic talent training system, standardized talent selection and employment mechanisms, and smooth career growth channels. It provides a high-quality entrepreneurship and development platform for outstanding young talents and focuses on cultivating interdisciplinary international talents adapted to global energy engineering services.
The company combines on-site practical training with targeted professional courses, and adopts flexible and diversified graduate training programs to help new employees achieve a seamless transition from campus to workplace.
Sticking to a people-oriented development philosophy, the company respects, motivates and serves every employee. It continuously improves the employee care mechanism and optimizes institutional systems such as salary and welfare benefits, vacation arrangements and employee security.
Rich and colorful cultural and sports activities are regularly organized to build a positive and cohesive team atmosphere. Comprehensive and thoughtful welfare arrangements fully protect employees’ physical and mental health. The sound talent development and employee security system not only supports employees in realizing their career goals, but also lays a solid foundation for the high-quality development of the company’s global overseas businesses.
