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sinopec oilfield service c-a (600871) Details

Sinopec Oilfield Service Corporation provides petroleum engineering and technical services in the People’s Republic of China and internationally. It operates through five segments: Geophysics, Drilling Engineering, Logging and Mud Logging, Special Downhole Operations, and Engineering Construction. The Geophysics segment offers terrestrial and marine geophysical exploration, development, and technical services. The Drilling Engineering segment provides land and ocean drilling design, construction, and technical services, as well as drilling instrumentation services. The Logging and Mud Logging segment offers land and ocean project contracting and technical services for collection, monitoring, transmission, processing and interpretation, and evaluation of wellbore oil and gas, geology, and engineering information. The Special Downhole Operations segment provides oil engineering technical and construction services, including oil testing, well repair, and lateral drilling, as well as fracturing, acidizing, and oil assignments. The Engineering Construction segment offers various services comprising feasibility studies, design, procurement, and construction for projects of onshore and offshore oil and gas fields, long-distance pipeline projects, oil and gas transporting process projects, storage and transportation projects, petrochemical supporting projects, building construction, water resources and hydropower, ports and waterways, electricity transmission and distribution projects, manufacturing of pressure vessels, LNG projects, coal chemical engineering, geothermal utilization, energy saving, and municipal roads and bridges. The company was formerly known as Sinopec Yizheng Chemical Fibre Company Limited and changed its name to Sinopec Oilfield Service Corporation in March 2015. The company is headquartered in Beijing, the People’s Republic of China. Sinopec Oilfield Service Corporation is a subsidiary of China Petrochemical Corporation.

81,340 Employees
Last Reported Date: 03/28/17

sinopec oilfield service c-a (600871) Top Compensated Officers

Vice Chairman and General Manager
Total Annual Compensation: CNY415.0K
Deputy General Manager and Executive Director
Total Annual Compensation: CNY554.0K
Compensation as of Fiscal Year 2016.
sinopec oilfield service c-a
Sinopec Oilfield Service Corporation Announces Board Changes

The board of directors of Sinopec Oilfield Service Corporation announced that, on 22 January 2018, it has received the resignation letter from Mr. Zhou Shiliang in which he (i) resigned his position as an executive director of the company, a member of the Strategy Committee of the board and the Deputy General Manager of the company due to his age. The board has accepted Mr. Zhou's resignation In the meantime, the board has agreed to withdraw the nomination of Mr. Zhou as a candidate for an executive director of the 9th Session of the board and therefore he will no longer be a candidate for an executive director of the company subject to the election on the first extraordinary general meeting to be convened on 8 February 2018. On 22 January 2018, China Petrochemical Corporation, which holds 65.22% share interests in the company, nominated Mr. Chen Xikun as a candidate of an executive director of the 9th Session of the board. In January 2003, he was appointed as the chief accountant of Sinopec Jiangsu Oilfield Branch company; in April 2006, he was appointed as deputy manager and chief accountant of Sinopec Shengli Oilfield Branch Company; in December 2008, he was appointed as deputy general manager and chief accountant of Sinopec Shengli Oilfield Branch Company; in December 2011, he was appointed as chief accountant of Sinopec Exploration & Production Department; since March 2015, he acted as deputy general director of Sinopec Exploration & Production Department; since June 2015, he acted as director of Sinopec Oilfield Equipment Corporation; since June 2017, he was appointed as executive deputy general manager of the company; in January 2018, he was appointed as the Secretary of CPC Committee of the company.

Sinopec Oilfield Service Corporation, Board Meeting, Jan 11, 2018

Sinopec Oilfield Service Corporation, Board Meeting, Jan 11, 2018. Agenda: To discuss and approve the contract on financing lease signed with Taiping & Sinopec Financial Leasing Co., Ltd. by Sinopec Shengli Oil Engineering Co., Ltd.

Sinopec Oilfield Service Corporation Announces Management Changes

The board of directors of Sinopec Oilfield Service Corporation announced that considering the nomination of Mr. Lu Baoping as the candidate for non-executive directors of the 9th Session of the Board and due to the heavy workload on his position as the President of Sinopec Petroleum Engineering Technology Research Institute, in order to give sufficient time and attention to the directors' responsibility, Mr. Lu has tendered his resignation as the Deputy Manager of the Company with effect from 20 December 2017.

 

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Price/Sales 0.9x
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TEV/Sales 0.3x
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