Jereh Group

The Jereh Group (SZSE: 002353) is a Chinese oil field services company and manufacturer of oilfield equipment.

Jereh Group
IndustryOilfield services
Headquarters
Yantai, China
Key people
Sun Weijie (CEO)[1]
ProductsDrill rigs, cementers, frac spread, coiled tubing unit, nitrogen pumper, intelligent pipe handling system, snubbing units, hot oilers, coiled tubing injectors and blow out preventers, natural gas compression package, natural gas equipment, compressors, LNG equipment), wellhead equipment, downhole motors and related equipment.
Number of employees
5,000[2]
Websiteen.jereh.com

History

The company was founded in 1999 and listed on the Shenzhen Stock Exchange in 2010.[2] Its market capitalization reached around $7 billion in 2015.[2]

Markets

Jereh is one of the largest domestic oilfield equipment and service providers. It has a domestic market share of about half for shale drilling equipment.[3]

It is also one of the leading foreign suppliers of oilfield equipment to Russia, where it has gained market share since 2014 when Western sanctions were applied against Russia, targeting specifically the oil and gas industry.[3]

References
  1. "The Youngest CEOs In Oil & Gas". Oil Pro. Archived from the original on 2017-01-25. Retrieved 2016-05-02.
  2. "Binding Licence and Share Subscription Agreements Signed with Major Chinese Oil Services Provider Yantai Jereh Oilfield Services Group". London Stock Exchange. Plexus Holdings Plc. July 2, 2015. Archived from the original on January 25, 2017. Retrieved May 2, 2016.
  3. "China oilfield firms muscling in on sanctions-hit Russia". energychinaforum.com. July 29, 2014.
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