On August 20th, data released at the 2012 China International Oil Drilling Equipment Exhibition showed that the average annual growth rate of China's oil drilling equipment manufacturing industry in the past five years was 45.8%, and the average profit growth rate was 64.9%. In recent years, China's petroleum equipment industry has not only made great progress in scale, but also has important breakthroughs in research and development technology, which has greatly improved the efficiency of oil exploration and development. At the same time, China's oil drilling equipment exports have also achieved rapid growth. Since the second half of 2010, with the gradual improvement of the world economic environment, the demand for oil drilling equipment market has gradually recovered, and “Made in China†has a good reputation in the international market. .
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