Zhongman Petroleum and Gas Group Corp., Ltd. Shorted as Zhongman Petroleum or Zhongman Group, abbreviated as ZPEC
Zhongman Petroleum and Gas Group Co., Ltd. (also named as Zhongman Petroleum or Zhongman Group with an English abbreviation as ZPEC) was founded in 2003 and headquartered in Lingang New Area of China (Shanghai) Pilot Free Trade Zone. ZPEC is an integrated Oil and Gas company that has a domestic and international portfolio of attractive exploration, development and production assets in China and Kazakhstan etc… Since 2011, the company has implemented the strategy of internationalizing development named as "going global", which is aim to deeply plough the "Belt and Road" countries, to provide oil and gas engineering services, and to maintain a rapid growth in the scale of oversea businesses.
On 17th November 2017, ZPEC was successfully listed on the A-share capital market in the Shanghai Stock Exchange (Stock Code: 603619). Since its listing, ZPEC has actively expanded to the upstream of oil & gas industry and has successfully achieved the goal of strategic transformation to an oil & gas resource-based enterprise.
ZPEC is a high-tech enterprise with 324 patents for various inventions, utility models and software Copyrights in Shanghai. Its main operations are composed of: (1) oil & gas exploration and development and production, (2) oil & gas engineering and technical services, (3) high-end oil and gas equipment manufacturing and etc. ZPEC is also actively expanding related high-tech and high value-added businesses, which has the advantages of integration of upstream and downstream. According to the established plans, ZPEC will form a complete upstream and downstream industrial chain which covers "oil & gas exploration and development → crude oil sales → engineering services → oil & gas high-end equipment manufacturing" in 2022.
Our businesses cover major oil fields in China. Our main customers include CNPC, SINOPEC, Yanchang Petroleum, Schlumberger and other well-known international oil and service companies. Since 2018, ZPEC has actively participated in the national oil and gas reform to break the upstream monopoly, which has fully utilized the group's advantages of integration and successfully transformed to exploration and development businesses. This made ZPEC stayed in the ranks of oil and gas resource-based enterprises. As the first private enterprise in China has successfully obtained exploration rights and mining licenses for oil and gas blocks issued by the Ministry of Natural Resources of China, ZPEC has contributed to the improvement of national oil self-sufficiency and energy security.
ZPEC is geographically operating in domestic oil fields and a number of countries including Middle East, Central Asia, North Africa, Europe and others etc. ZPEC has main customers including CNPC, SINOPEC, BP, SHELL, GAZPROM, RUSSIAN OIL, NOVATEK, MALAYSIA NATIONAL PETROLEUM COMPANY, BAKER HUGHES, SCHLUMBERGER, WEATHERFORD and other well-known international oil companies and oil service companies. Up to now, ZPEC is the only Chinese private drilling enterprise that has passed the qualification review of drilling suppliers undertaken by Saudi Aramco and Kuwait Oil Company. ZPEC is also the only Chinese drilling contractor to undertake turnkey drilling engineering services in Russia.
ZPEC is an international well-known oil and gas company that has passed the qualification review of drilling suppliers undertaken by Saudi Aramco and Kuwait Oil Company.
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