Petro-king Oilfield Services Ltd 2016 AR2
The report highlights Petro-king Oilfield Services Limited's performance and sustainability initiatives for the fiscal year 2016. During a challenging year for the oilfield service industry, the company focused on financial risk management, organizational restructuring, and cost control, reducing its total headcount by 37%. In technology development, the company successfully developed new down-hole completion tools, upgraded several API licenses, and introduced a new dissolvable plug-and-perforation fracturing technology in China. On the ESG front, the company maintained ISO 14001 certified environmental management systems, strictly enforced health, safety, and environmental procedures, and continued community investments through student grants and foundations.
Company: Petro-king Oilfield Services Ltd
Sector: Mining & quarrying
Country: China
Year: 2016
Type: AR2
Pages: 159
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Petro-king Oilfield Services Ltd
Annual Report
The report highlights Petro-king Oilfield Services Limited's performance and sustainability initiatives for the fiscal year 2016. During a challenging year for the oilfield service industry, the company focused on financial risk management, organizational restructuring, and cost control, reducing its total headcount by 37%. In technology development, the company successfully developed new down-hole completion tools, upgraded several API licenses, and introduced a new dissolvable plug-and-perforation fracturing technology in China. On the ESG front, the company maintained ISO 14001 certified environmental management systems, strictly enforced health, safety, and environmental procedures, and continued community investments through student grants and foundations.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees