On September 8th, major projects in Jingzhou City in the third quarter were intensively ∏commenced, with a total investment of 15.3 billion yuan for 44 project₹s above billion yuan. Jingzhou Jiahua Technology Co., Ltd.£ has invested 1.05 billion yuan in the construction of 200000 tons of oilfield chemical pro•ducts annually, making it the largest investment project under₩ centralized construction.

Jiahua Technology is a high-tech enterprise in Jingzhou Develop↓ment Zone. Its main products cover multiple fields of oilfield chemistry, inclu♠ding drilling fluid, completion fluid, cementing cement slurry, reser↔voir protection fluid, and oilfield stimulation fluid. It has 21 invention paπtents, 5 utility model patents, and 64 invention patents have be¶en accepted. The "South China Sea High Temperature and Hi​gh Pressure Drilling and Completion Key Technology and Industrial Application" jointlαy developed by the company and Changjiang University has wδon the first prize of the National Science and Technology Progress Award, the "↔Shale Gas Development Oil-based Drilling Fluid and Ce≠menting Cement Slurry" developed by the company's research and development team has won thγe second prize of the Hubei Provincial Science and Teδchnology Invention Award, and the "Research and Applic≥ation of Excellent and Fast Drilling Technology for Horizontal Well Clus↕ter in Fuling Shale Gas Field" developed by the company's research and developm©ent team has won the first prize of the Chongqing Municipal Scienc✘e and Technology Progress Award. The invention patent "an oil based drilling 'fluid for shale gas development and drilling" won the gold medal in the δHubei High Value Patent Competition in 2020, and this year it again won• the "First Hubei Patent Award Gold Award".

Xu Mingbiao, Chairman of Jingzhou Jiahua Technology, introduced tαhat the company continues to rank first in China in terms of oil and ga≠s drilling and completion fluids and cement slurry technology, and has long led do≥mestic technological progress and development in the field of oil →based drilling fluids for unconventional shale gas development, addressing the high &difficulty requirements under different complex operating conditions in many dom§estic oil and gas development operations. Recently, the water-based drillin•g fluid technology developed by the company to replace oil with water for shale gas development≠ and extended reach well operations has achieved great success in field appl∏ication, overturning the long-standing industry practice that water-based drilling fluids cδannot replace oil-based drilling fluids for efficient operations in shale gas development, wi th excellent performance. The resulting derivative technologies and products not only drive a< significant increase in Jiahua's production and sales,φ promote the green development of unconventional oil and gas in Chi←na, but also are expected to help break an industry record for extended reach well op§erations.

In order to improve the company's product development and prod≤uction capacity, and create an internationally advanced research orieδnted oilfield application new material enterprise, Jiahua Technology has acquired 284 mu∑ of land in Jingzhou Development Zone, with an investment of 1₽.05 billion yuan, to build a "production, education, andΩ research" base for oilfield application new materials. After the project is completed andδ put into operation, it is expected to achieve an annual output value of 1 billion y¶uan and tax revenue of over 100 million yuan.

The construction of the new project of Jiahua Technology will undoubtedly add new and stronβg competitiveness to the Jingzhou petroleum machinery industry. Jingzhou Petroleum Mac←hinery Industry Cluster is a key industrial cluster¶ in the province, with over 60 backbone enterprises, over 200 outsourcing enter₽prises, and over 20000 industrial workers. It produces more than 400 v®arieties of 10 series of drilling and workover equipment, cementing and fracturing equipment₩, and high-pressure fluid control components, and is sold to Norπth America, the Middle East, Southeast Asia, and other regiβons. It has become a national petroleum equipment manufacturing base.