Xinjiang Grand Oilfield Technology Inc.

Xinjiang Grand Oilfield Technology Inc. (GRANDOIL) is a leading Chinese oilfield technology company specializing in managed pressure drilling (MPD) services, lost circulation materials, early kick monitoring systems, and downhole tools. Founded in 2011 as a joint venture with foreign equity, the company is headquartered at the National Economic and Technological Development Zone in Korla, Xinjiang, China, with operations offices in Chengdu, Sichuan. GRANDOIL has grown to over 400 employees and operates more than 30 MPD fleets, having successfully completed MPD services in over 400 onshore and offshore wells. The company's R&D team includes more than 30 professionals with Ph.D. and master's degrees. GRANDOIL has expanded its MPD drilling services internationally into the Middle East and Africa, and secured major contracts including a five-year MPD service contract with KOC (Kuwait Oil Company) and a global MPD services contract in Nigeria. The company also manufactures fit-for-purpose lost circulation materials with annual output exceeding 6,000 metric tons.