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International Petroleum Services Corporation Ltd.

Stage

IPO | IPO

Date of IPO

11/3/2010

About International Petroleum Services Corporation Ltd.

Provider of enhanced oil recovery (EOR) services in China. The company provides EOR services to oil companies in China using patented lateral hydraulic drilling (LHD) and molecular deposition film (MDF) technologies. Technical services are also provided to coalbed methane (CBM) customers using the LHD technology. The LHD services increase crude oil or methane gas output by using a high pressure water jet to drill horizontal holes in multiple directions from an existing vertical well to the surrounding reservoirs, thereby increasing the quantity of the flow of oil and methane gas. The MDF technology increases oil recovery from mature wells by displacing the residual oil that adheres to sedimentary rock or sand in the oil reservoir. When the MDF chemical solution is injected into the reservoir and encounters the oily sand, it creates a thin film that separates crude oil from sand content, thereby enabling the oil to flow more freely and to be extracted by the oil pump.

Headquarters Location

3/F, 19 Ronghua South Road Beijing Econ-Tech Development Area

Beijing, Beijing, 100176,

China

86 10 8712 5555

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Expert Collections containing International Petroleum Services Corporation Ltd.

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

International Petroleum Services Corporation Ltd. is included in 1 Expert Collection, including Oil & Gas Tech.

O

Oil & Gas Tech

908 items

This collection includes companies from upstream, midstream, and downstream sectors of the Oil & Gas industry, as well as companies focused on sustainable fuels. Sectors are tagged by general focus of the company (even if the tech works across sectors).

International Petroleum Services Corporation Ltd. Frequently Asked Questions (FAQ)

  • Where is International Petroleum Services Corporation Ltd.'s headquarters?

    International Petroleum Services Corporation Ltd.'s headquarters is located at 3/F, 19 Ronghua South Road, Beijing.

  • What is International Petroleum Services Corporation Ltd.'s latest funding round?

    International Petroleum Services Corporation Ltd.'s latest funding round is IPO.

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