At present, the categories of China's oil and gas equipment are relatively complete, and the specifications and varieties can basically meet the needs of onshore oil exploration and development. Measured in terms of production capacity, output, output value, production specifications, and employees, China is already a major country producing oil and gas equipment.
However, petroleum and petrochemical materials and equipment professionals believe that there is still a certain gap between China's petrochemical equipment and the international advanced level. According to the investment, 95% of oil refining equipment has been domesticated, and 70% of chemical equipment has been domestically produced. Due to the large-scale production facilities, large-scale petrochemical equipment has been imported, and domestically-refined equipment such as reaction equipment, compressor units, special pump equipment, and special machinery still need to be imported. In addition, advances in petrochemical production technology have accelerated, and domestic petrochemical equipment development has been lagging behind. In particular, many reaction equipments are often foreign patented equipment or proprietary technology equipment, which has caused a large number of imported reaction equipment.
According to customs statistics, in 2006, the total import and export volume of petroleum and petrochemical equipment industry was 9.316 billion U.S. dollars, and the import and export surplus was 4.224 billion U.S. dollars. The annual export delivery value of the whole industry exceeded 10 billion yuan for the first time, among which the drilling and mining equipment industry accounted for 70.3% of the total. This shows that China's oil drilling equipment has occupied a very important place in the world's oil equipment production.
Regarding the development of China's oil and petrochemical equipment under high oil prices, relevant experts in the industry pointed out that although China's petroleum and petrochemical equipment manufacturing industry has a considerable scale, it has low-tech equipment, low technological innovation capabilities, offshore oil development equipment and certain special equipment, etc. Import dependence has not decreased. Therefore, increasing the scientific and technological content of the petroleum and petrochemical equipment manufacturing industry is a topic facing the petroleum and petrochemical equipment manufacturing industry.
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