Jereh Group's further efforts towards shale gas development launched
Updated : 2019-04-22
Yantai-based Jereh Group, a private Chinese oil and gas equipment manufacturing company, released the world's first electric drive fracturing equipment on April 20, significantly reducing costs and improving the efficiency of shale gas extraction.
Shale gas, a highly valuable clean energy source, is being developed all over the world and China has the largest proven reserves of shale gas globally, but its exploitation is in great difficult.
Jereh Group has provided integrated solutions for the oil and gas drilling industry. Li Zhiyong, executive vice-president of Jereh Group, noted that the new equipment has many advantages, including a smaller footprint, lighter weight and fewer carbon emissions.
Jereh, the first Chinese company to sell shale gas exploration equipment to the US market, has been investing in the research and development of core equipment that can handle China's poor road conditions and the small size of its well sites.
"Compared with foreign companies, our group is more familiar with China's national conditions and development environment," Li said.
The equipment will help achieve large-scale extraction of China's unconventional energy, especially shale gas, and further reduce the country's dependence on foreign energy equipment.
By supplying more than 600 sets of large-scale oilfield equipment and four series of related products, Jereh has become the world's largest manufacturer of oilfield production equipment.
It is also the only supplier to provide a complete set of shale gas fracturing equipment for North America.