The global energy transition and environmental protection are increasingly valued. Our company (Tianjin Zhengfang Technology Development Co., Ltd.) and XCMG Group have reached a strategic cooperation in 2023. On August 20th 2024, our company collaborated with XCMG Group to develop and sell over 30 new energy workover rigs, jointly promoting the green and intelligent process of the oil and gas exploration and development industry.
The sales of over 30 new energy workover rigs this time are a highly efficient, environmentally friendly, and intelligent oil and gas field operation equipment carefully crafted by both Zhengfang Company and XCMG Group in response to the national "dual carbon" strategy, relying on their strong research and development capabilities and technological innovation capabilities. These workover rigs adopt advanced battery energy storage drive systems, completely bidding farewell to the emission pollution of traditional fuel engines and achieving zero emissions during operation, which is of great significance for improving the working environment and reducing carbon emissions.
As a well known oil and gas equipment manufacturer and service provider in the industry, our company has always been committed to providing customers with the most advanced and reliable energy solutions. This cooperation with XCMG Group not only reflects our profound insight and forward looking layout in new energy technology, but also demonstrates our firm commitment to promoting the green transformation of the industry. We believe that the successful application of these new energy well repair machines will bring significant economic and social benefits to customers, helping them gain an advantage in the fierce market competition.
“The breakthrough in cooperation with XCMG Group is an important milestone in the development process of Zhengfang Company, "said Chen Bing,Deputy Manager of our Operations Department." We look forward to the joint efforts of both parties to widely apply these new energy well repair machines in domestic and international markets, contributing to the green development of the oil and gas industry. At the same time, we will take this opportunity to continuously deepen our cooperation with XCMG Group, explore more innovative applications of new energy technologies, and make unremitting efforts to build a clean, low-carbon, safe and efficient energy system.
The representative of XCMG Group also highly praised this breakthrough in cooperation and said, "We are very pleased to work together with your company to promote the market oriented application of new energy well repair machines. This is not only a demonstration of XCMG's technological innovation strength, but also our positive response to the global energy transformation trend. We believe that through close cooperation between the two sides, we will be able to create a broader market space and inject new vitality into the green development of the industry.
With the successive delivery and commissioning of these new energy well repair rigs, a new era of greener and more intelligent oil and gas exploration and development is slowly unfolding. Our company and XCMG Group will work hand in hand to continuously promote technological innovation and industrial upgrading, contributing wisdom and strength to global energy security and sustainable development.