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I. Overview of the Oilfield Environmental Protection and Governance Industry
With the continuous expansion of the scale of oilfield projects in our country, the environmental problems brought about by the increase in the frequency of oil development have become increasingly prominent. During the process of oilfield development, the application of secondary and tertiary oil recovery technologies in oilfields has led to an increasing discharge of various oilfield production waste liquids and solid wastes, causing the contradiction between energy supply and the deterioration of the ecological environment to become increasingly tense. Meanwhile, China is paying increasing attention to environmental protection issues in oil fields, which has brought new development opportunities for the upgrading and transformation of oil field wastewater and solid waste treatment technologies. Domestic oil companies have begun to pay attention to the importance of safety and environmental protection in oil fields. 'Reduction, resource utilization and harmlessness' have gradually become the basic principles followed by the oil field environmental protection and governance industry.
Ii. Background of the Development of the Oilfield Environmental Protection and Governance Industry
1. Policy environment
From the perspective of laws, regulations and industrial policies, in recent years, the state has issued a series of normative laws, regulations and encouraging environmental protection industrial policies from multiple dimensions such as enhancing environmental protection efforts and promoting market-oriented development, creating a favorable external business environment for the oil and gas field environmental governance industry. With the country's increasing emphasis on environmental protection and the tightening of environmental policies, the development prospects of the oil and gas field environmental governance industry are broad, and the market space continues to expand. The requirements for the technical level and professional capabilities of enterprises in this niche field will keep rising.
2. Social environment
The petroleum industry is one of the important energy industries in China and is of great significance to the country's economic development and energy security. With the rapid growth of the national economy and the continuous increase in energy demand, the scale and development speed of the petroleum industry have also shown a favorable trend. According to data from the National Bureau of Statistics, in 2016, affected by the persistently low oil prices, domestic oil companies were forced to shut down inefficient Wells and cut the output of high-cost oil fields at the same time. In 2018, after a brief adjustment, China's petroleum industry began to resume growth in oil production. By the end of 2023, China's oil output reached 209.026 million tons, up 2.1% year-on-year from 2022. The compound annual growth rate from 2018 to 2023 was 2%, indicating an overall growth trend.
Iii. The industrial chain of Oilfield Environmental Protection and Governance Industry
The oilfield environmental protection and governance industry mainly targets the environmental pollution problems caused by exploration and oil production operations. The upstream of the oilfield environmental protection and governance industry mainly includes raw materials, chemicals and production equipment. The midstream of the industrial chain includes environmental protection equipment and environmental protection services. Environmental protection equipment is mainly classified into wastewater/liquid treatment equipment, solid waste treatment equipment and waste gas treatment equipment according to the different pollutants it processes. Environmental protection services mainly include the treatment of waste drilling fluid and drilling and production waste liquid, etc. The downstream of the industrial chain mainly consists of the oil and gas extraction industry.
The current development status of the oilfield environmental protection and governance industry
1. Environmental protection expenditure of Sinopec
In recent years, the state has vigorously promoted energy conservation, emission reduction and circular economy policies related to oilfield environmental protection. The three major domestic oil companies have increased their investment in environmental protection during the exploration and development of oilfields. Take Sinopec as an example. From 2016 to 2023, Sinopec's overall environmental protection expenditure has shown a growth trend, increasing from 5.36 billion yuan to 19.156 billion yuan, with an average annual compound growth rate of 19.96%. The overall environmental protection expenditure has been rising year by year and the growth rate is relatively fast, which will promote the gradual expansion of the market scale of oilfield environmental protection technical services.
2. Solid waste disposal of Sinopec
Sinopec adheres to the principle of 'reduction, resource utilization and harmless treatment' of solid waste, actively promotes the concept of circular economy, vigorously advances the comprehensive utilization of solid waste, strengthens the full-process management of solid waste, and sets a target of 100% proper treatment and disposal rate of hazardous waste. According to statistics, in 2019, Sinopec disposed of 2.083 million tons of solid waste and 655,000 tons of hazardous waste respectively. By 2023, Sinopec's solid waste and hazardous waste disposal volumes were 1.7964 million tons and 464,800 tons respectively, and the overall volume of solid waste and hazardous waste disposal remained relatively stable.
3. Sinopec treats drilling wastewater and operation wastewater
In 2019, China National Petroleum Corporation (CNPC) continuously promoted new intensive models such as large well groups and platform-based models, applied technologies such as drilling mud not landing and resource utilization, as well as clean operation technologies for drilling and workover. It also used integrated devices to replace small and medium-sized station solutions. In 2020, CNPC fully implemented the 'no landing' policy for drilling waste. From 2021 to 2023, China National Petroleum Corporation (CNPC) has significantly reduced the generation of solid waste and wastewater through clean production measures such as stratified drilling to decrease the use of oil-based mud, promoting the concurrent disposal technology of drilling mud and downhole oil removal technology, and implementing surface box-type workover operations. According to statistics, in 2023, CNPC treated approximately 217,000 cubic meters of drilling wastewater and 460,000 cubic meters of operation wastewater respectively.
4. Disposal of major pollutant emissions from CNOOC
In 2016, CNOOC treated 37,208 tons of major pollutants. In 2023, it treated 139,266 tons of major pollutants. Among them, the disposal volumes of hazardous waste, harmless waste and oil emissions in water of CNOOC were 63,727 tons, 71,384 tons and 4,155 tons respectively. The disposal volume and capacity of major pollutants have been significantly enhanced. In the future, CNOOC will, in accordance with the ecological and environmental protection concept of 'protection first, conservation first, and green development', comprehensively promote all ecological and environmental protection and governance work.
Related report: 'Research Report on the Development Panorama Monitoring and Investment Direction of China's Oilfield Environmental Protection and Governance Industry from 2025 to 2031' released by Huajing Industry Research Institute
V. Competitive Landscape of the Oilfield Environmental Protection and Governance Industry
1. Industry competition landscape
Environmental protection in China's oil and gas fields started relatively late. Along with the rapid development of China's petroleum industry, the state has attached great importance to ecological and environmental protection and successively introduced a series of policies with significant influence or guidance, which has further promoted the rapid development of the environmental protection and governance industry in oil and gas fields. Oil and gas field environmental protection, as an emerging niche market in environmental protection, has seen an increasing number of environmental protection companies take it as their business expansion target. However, most of these enterprises are small in scale and have a low industry concentration. As the demand for environmental protection technologies from oil and gas field enterprises continues to deepen, the requirements for technical indicators have become increasingly strict. Oil and gas field enterprises have also increasingly recognized the importance of technical specialization. In the selection criteria for service providers of drilling and production waste treatment projects, they have placed more emphasis on technical capabilities. The degree of marketization in the industry has gradually increased.
2. Introduction to Key Enterprises
Huayou Huibo Pu Technology Co., Ltd. is an international comprehensive solution service provider for the development and utilization of oil and gas resources, dedicated to offering efficient and clean energy and energy production methods to global customers. In 2023, Huibo Pu's revenue was 3.527 billion yuan, an increase of 77.51% compared with the previous year. The environmental engineering and services business achieved revenue of 74.5425 million yuan, a decrease of 4.44% year-on-year, accounting for 2.11% of the total revenue. This business mainly includes two categories: petroleum and petrochemical environmental protection business and municipal environmental protection business.
Vi. Development Trends of the Oilfield Environmental Protection and Governance Industry
The supportive and guiding role of environmental protection policies will continue to promote the development of the oilfield environmental protection governance industry
The 'Green Development Guide for the Petroleum and Chemical Industry during the 14th Five-Year Plan Period' released by the China Petroleum and Chemical Industry Federation points out: 'The industry should focus on eight tasks and strengthen five measures to achieve the main goal of green development.' In terms of carrying out the pollution prevention and control campaign, it is necessary to focus on the treatment of key pollutants such as volatile organic compounds in key industries and highly difficult wastewater, accelerate the adoption of advanced and applicable pollution control technologies in the pollution prevention and control campaign, and further reduce the discharge of 'three wastes'. Strengthen the environmental risk control of chemical substances, promote the harmless disposal and resource utilization of hazardous wastes, and continuously cultivate and expand the high-end environmental protection industry. Therefore, as one of the key goals for the development of the petroleum and chemical industry during the 14th Five-Year Plan period, the environmental protection and governance industry of oil and gas fields will continue to maintain a good development trend under the support and guidance of environmental protection policies.
Domestic oil companies will earnestly fulfill their social responsibilities, continuously increase investment in environmental protection, and drive the healthy development of the environmental protection and governance industry in oil and gas fields
Under the requirements of the new development concept, domestic oil companies will actively fulfill their social responsibilities, adhere to the principle of 'developing while protecting, protecting while developing, and giving priority to environmental protection', continuously increase investment in environmental protection, which is conducive to promoting the research and development, innovation of environmental protection governance technologies and the promotion and application of new technologies, especially in the treatment of drilling and production waste, actively promote the technology of no mud landing. It has significantly enhanced the capacity for treating waste mud, achieving harmless and resourceful treatment of waste mud. The clean production level of oil fields has been comprehensively improved, and the environmental protection and governance industry of oil and gas fields has ushered in a favorable development opportunity.
Huajing Industry Research Institute has conducted a detailed analysis of the current development status and market supply and demand situation of China's oilfield environmental protection and governance industry, and has carried out an in-depth analysis of the upstream and downstream industrial chains and the competitive landscape of enterprises in the industry, minimizing the investment risks and operating costs of enterprises and enhancing their competitiveness to the greatest extent. And by applying various data analysis techniques, predict the development trends of the industry, so that enterprises can seize market opportunities in a timely manner; For more detailed information, please pay attention to the 'Research Report on the Development Panorama Monitoring and Investment Direction of China's Oilfield Environmental Protection and Governance Industry from 2025 to 2031' published by Huajing Industry Research Institute.
