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Company news

 

Runfar Group Board Chairman Teng Hexian Led Entrepreneurs to Jilin Oil Field for an Exploratory Investigation of Cooperative Projects

On Sept. 11, 2015, Runfar Group Board Chairman Teng Hexian (hereinafter referred to as ‘Mr. Teng”) led entrepreneurs to visit Yingtai Oil Production Plant in Liaoning Province’s Jilin Oil Field, and was warmly welcomed and received by Yingtai Plant’s Manager Zhang Qingfeng and Deputy Manager Liu Yongbin.

During the visit, in Yingtai Plant, Mr. Teng and his party watched a field experiment of the “Adjusted Linear Motor Pump Equipment” researched and developed by Shenyang University’s research group. The equipment is an upgrade of current oil extraction equipment. Compared with current equipment, the upgraded oil extraction equipment has low manufacturing, maintenance, management costs, short unit run time, and high overall efficiency. The most important is its energy-saving and environment-friendly traits, which are revolutionary breakthroughs in the application of oil production equipment technology to oil production equipment.

Mr. Teng and the entrepreneurs watched the whole experiment and demonstration of the equipment. They showed satisfaction and interest to the technology, saying they would consider building a factory in Shenyang in the next step, and sign a Technology Use/Transfer Agreement with Shenyang University, to turn this innovative technology into productivity as soon as possible, so as to improve and enhance the oil field’s efficiency in oil extraction.

By Du Juan