BUENOS AIRES, Argentina, Oct. 16, 2017 /PRNewswire/ -- The Argentina Oil & Gas Expo 2017 came to an end in Buenos Aires on September 28. This influential event is where the industry's global competitors convene and can catch up on the latest trends and developments. This year's event attracted more than 320 leading oil and gas equipment suppliers from around the world, among them China-based oil equipment research, development and manufacturing firm KERUI Petroleum. The Chinese manufacturer and service provider showcased a wide range of new products, business models and services and hosted the International Forum on Financial Cooperation in the Oil & Gas Sector.
The star products displayed by KERUI, including oilfield stimulation & well control equipment, fast moving drilling rigs and natural gas processors, were very well received for buyers and future clients. The WM-1 high-end integrated wellhead's yield reflects KERUI's longstanding philosophy that "products and technologies shall meet customer needs as well as help them reduce costs and increase efficiency." The WM-1, a proprietary solution developed by KERUI Petroleum's wellhead brand WEFIC®, was designed and produced according to API 17D subsea wellhead specifications, features excellent sealing performance and strong versatility. It performs consistently after a temporary well abandonment, and can completely replace deep sea wellheads in shallow water drilling, reducing 10 - 20% drilling costs.
The KERUI's International Forum on Financial Cooperation in the Oil & Gas Sector builds a bridge for exchanges and was an important part of KERUI's agenda at AOG 2017. Along with Chinese financial institutions, KERUI designed tailored funding programs and financial business models for customers in South America according to their individual needs. KERUI's presence at the forum gave the event's participants the opportunity to get a better understanding of what the company offers and the important role it already plays in the sector, setting a solid foundation for future business activities in the region.
China is Argentina's second largest trade partner. Argentina is a major business hub for KERUI Petroleum in South America. "With quality products and excellent after services, KERUI Petroleum has established a good reputation in Argentina since 2011," said Wang Jing, general manager of KERUI Petroleum Argentina. "By continuously building our manpower in the region, we have a solid marketing team with more than 80 percent of our employees being native Argentinians. With the further development of our operations, both our business scope and Argentina office staff are expected to expand soon." After years of efforts, KERUI has expanded its footprint throughout South America, establishing offices and equipment maintenance facilities in Colombia, Venezuela, Trinidad and Peru and building out an effective and efficient business model.
