Petroleum equipment and manufacturing industry

 

Petroleum equipment and manufacturing industry manufacture machinery and equipment utilized in oil and gas exploration and production, also as water well drilling machinery.

Demand is driven by oil and gas prices. The profit of individual companies depends on efficient production and engineering expertise. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The US industry is very concentrated: the highest 50 companies account for about 80% of revenue.

Major products include pipe, derricks, drill bits, valves, portable rigs, drilling motors, well monitoring instruments, tubing, wellheads, wireline systems, blowout preventers, and oil and gas separators are made in Petroleum equipment and manufacturing companies. Line of oil and gas field services are also offer by some companies. Such services may include drilling, well completions, geological and drilling surveillance, and artificial lift services (pumps and other systems wont to lift oil when a well not flows by itself). All the equipment which are used in petroleum industry are very large and heavy, so the petroleum equipment and manufacturing companies take care of their quality, so there is rarely any chance of broken or damaged equipment are produced. Petroleum equipment and manufacturing companies also produce Various products include electronic and mechanical dispensers and pumps, underground and above-ground storage tanks, automated card readers, canopies and site monitoring, remediation, point of sale, piping and fleet fueling systems.

Petroleum equipment and manufacturing companies manufacture all equipment which are used in petroleum industry like-

1)      General Equipment

a)       Pipe Fittings and Flanges

b)      Pipe and Tubular Products

c)       Separators and Filters

d)      Gauges and Meters

e)      Pipeline accessories

f)        Pipeline Adhesives

g)       Welding inspection tools

h)      Welding supplies

i)        Bearings

 

2)      Maintenance Workshop Equipment

a)        Lathes

b)      Mills

c)       Drills

d)      Shaping machines

 

3)      Well Head Equipment

a)       Well Heads

b)      Pack-off Flanges

c)       Slips & Secondary Seals

d)      Casing Spools

e)      Casing Head Housings

f)        Tubing Heads

g)       Well Head Christmas Trees

 

4)      Drilling Equipment

a)       Desanders

b)      Shale Shakers

c)       Mud Pumps & Systems

d)      Rotary Drilling and Vibrator Hoses

e)      Blowout Preventer’s and Manifolds of all types

f)        Hydraulic Control Units

g)       Cementing and Fracturing Units