On April 1, Petroleum Machinery Co., Ltd. successfully produced a 24-inch large-size steel diamond drill bit, marking a significant step forward in its product development. These two advanced drill bits are set to be shipped to a Middle Eastern country soon, where they will be used to efficiently drill through medium-hard formations, meeting the urgent needs of local drilling operations.
The company is highly attentive to the diverse drilling conditions across different regions and geological layers. By identifying unique market demands, it develops tailored products and offers optimized services to ensure that its drill bits perform effectively under various drilling scenarios. This approach not only enhances customer satisfaction but also strengthens the company’s competitive edge in both domestic and international markets.
**Capturing Differentiated Needs**
Oil drill bits face challenges in adapting to complex and varied geological formations. As a result, global markets require customized solutions based on specific drilling environments. In China, the company has established six service stations across key oil-producing regions such as Central China, North China, Northern Shaanxi, Northwest China, Sichuan, and Chongqing. Internationally, it has expanded its presence to North America, South America, the Middle East, and Asia-Europe, with direct sales reaching nearly 40 countries. This extensive network allows the company to quickly identify and respond to regional demands.
In remote areas like Siberia, the company actively sends marketing teams to engage directly with drilling crews. By staying at well sites for weeks, these personnel build strong relationships with customers, gaining firsthand insights into drilling conditions. This deep engagement helps them understand the specific needs of customers, including how to interpret logging while drilling data and adjust drilling parameters accordingly. Such interactions not only improve the company's understanding of real-world challenges but also enhance its ability to provide better solutions in the future.
Similar efforts are made in other key regions like Sichuan, Chongqing, and the Northwest, where field teams visit drilling sites regularly to monitor performance, address issues promptly, and gather critical on-site data. This proactive approach ensures that the company can continuously refine its products and services to meet evolving customer needs.
**Developing Adaptive Products**
Geological structures and well depths significantly impact the performance and lifespan of drill bits. The growing demand for unconventional resources and offshore oil and gas exploration has further increased the need for adaptable drill bits. To address this, the company focuses on developing specialized tools that can handle complex drilling conditions.
For instance, in the Fuling shale gas region, a dedicated project team was formed, consisting of production, research, and sales staff. At the Jiaoshiba drilling site, they worked closely with customers to tailor solutions for the specific lithology and drilling processes. By monitoring well performance daily or every two days, they ensured high success rates in bit usage. The company’s 26-inch guide steel tooth bit, 17 1/2-inch steel diamond bit, and 12 1/2-inch oriented roller bit have shown excellent performance in terms of speed and efficiency, earning positive feedback from users.
To promote the adoption of these superior products, the team also provides customized package solutions for individual wells or regions. This strategy has helped expand the application of adaptive drill bits and improved overall drilling productivity.
In daily development, the company continuously analyzes the performance of its drill bits, comparing actual drilling data—such as footage, mechanical drilling speed, and costs—with design estimates. It also evaluates wear conditions and refines designs accordingly. Over time, this process has become a standard practice in the industry, driving innovation and improving product quality.
By 2013, the company had produced 2,906 batches of 910 types of roller cone bits and 66 batches of 176 types of diamond drill bits. The development of adaptive drill bits became a key driver for market leadership, strengthening its domestic and international presence. Roller cone bits maintained an 80% domestic market share and a 20% foreign market share, while diamond drill bit sales continued to grow steadily.
**Providing Optimal Service**
The true value of a drill bit lies in its real-world application, not just in its design. Proper selection and usage are crucial to maximizing performance. Petroleum Machinery is committed to delivering high-quality service by helping customers make informed decisions.
Through the use of formation cutting testers, the company measures the mechanical properties of rock under normal and confining pressures, providing accurate data to optimize bit selection. Its well data analysis software and expanding bit database further support this process, ensuring customers receive the best possible recommendations.
The company also conducts technical training sessions, holds regular discussions with customers, and investigates the causes of bit wear and failure to guide future improvements. It has developed comprehensive strategies for handling common drilling challenges, enhancing the problem-solving capabilities of its field teams. These efforts help customers select and use drill bits more effectively.
Additionally, the company organizes biennial seminars to explore new drilling technologies and improve drilling efficiency. With the increasing use of directional and horizontal wells, as well as gas drilling, the company continues to develop specialized drill bits tailored to these applications. Products like high-speed motor drills, small-borehole drills, and ultra-high-speed motor drills have been widely adopted, offering practical solutions that meet specific drilling needs.
In the case of diamond drill bits, the company has developed five series of PDC bits suited for different drilling scenarios, including directional and rapid drilling. These products have gained popularity both domestically and internationally. In the Chuandong block, the company designed a high-end diamond bit that outperformed similar foreign products in terms of footage, drilling time, and ROP (rate of penetration). One such bit achieved a record of 6,700 meters with a reusability rate of 90%.
In the Tuhayuguo block, a customer used one of these drill bits to complete a directional well 10 days ahead of schedule, showcasing the effectiveness of the company’s innovative solutions. Through continuous improvement and customer-focused strategies, Petroleum Machinery continues to lead in the global drilling equipment market.
Floating Valve Balls,Water Heater Float Valve,Tank Float Valve,Ballcock Valve
WENZHOU ZHENHONG VALVE BALL CO., LTD , https://www.zhvalveball.com