The company was founded in 1961 and was originally a wholly-owned subsidiary of Sinopec Xinxing Petroleum Company. It was restructured as Dezhou United Petroleum Machinery Co., Ltd. on June 30, 2004, and renamed Dezhou United Petroleum Technology Co., Ltd. on June 9, 2017. The company mainly provides high-end oil drilling, oil production tools, petroleum equipment and engineering services; it has advanced product processing and testing equipment, and has obtained various system certifications such as API, ISO9001 (DNV), and HSE. The products cover major domestic oil fields and are exported to many countries and regions, and enjoy a high reputation in the international and domestic petroleum and petrochemical industries. The company is mainly engaged in R&D, production, sales and leasing of special tools and equipment for oil and gas drilling, and carries out engineering services such as targeted drilling, horizontal drilling, and surface technology treatment. The company's main products during the reporting period included drilling tools and equipment products. Services included leasing, maintenance and provision of engineering technical services for oil and gas drilling, directional wells, and horizontal wells. Corporate honors: 2015 Outstanding Contribution Award, high-tech enterprises, advanced units, and companies were selected for the third batch of “Specialized Small Giant Enterprises” by the Ministry of Industry and Information Technology, and successively won honorary qualifications such as “High-tech Enterprise”, “Shandong Provincial Certified Enterprise Technology Center”, “Dezhou Petroleum Equipment Industry Cluster Technology Innovation Strategic Alliance Leading Enterprise”, “Shandong Postdoctoral Innovation Practice Base”, “Shandong Academician Workstation”, “Top 50 Enterprises” and “Famous Brand Products” of CNPC and Petrochemical Equipment Manufacturing.
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