The company was founded in 1961, and 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, carrying out engineering technical services for targeted drilling and horizontal drilling, and providing surface technical services such as electroplating. The company's main products include drilling tools and equipment products. 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.