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Suggestions on Sustainable Development of CNPC’s Engineering Technological Service Business
Liu Xinghe, Liu Bingyi, Zhu Jingping, Cong Qiang
2015, 34(3):
1-5.
DOI: 10.3969/j.issn.1002-302x.2015.03.001
China National Petroleum Corporation (CNPC) has actively opened up the engineering technological service market both at home and abroad since it restructured its specialized companies in 2007. With implementation of the creation-driving strategy, CNPC has significantly improved its market competitiveness, providing powerful support for oil and gas exploration and development. The profit of domestic business rose to 960 million yuan in 2013 from a loss of 1.9 billion yuan in 2008. The overseas profit has been kept at about 1.9 billion yuan since 2008. However, there are some issues existing in the business development process, such as inadequate business turnover, weak profit-making capacity, unreasonable assets structure, shortage of high-end technology and equipment, slow development of key technology, imbalance of internal market price, and inadequate capacity for expansion of international market. Those problems resulted from imperfect design at top level, unclear strategic positioning, and outdated human resources management pattern in the specialized restructuring process. Therefore, it is suggested that CNPC should clarify its positioning and target for its engineering technological service business development, establish and perfect the internal price system based on quota and market price, provide the fair, just and open platform for talents development, tighten control over market admission qualification, perfect regional market coordination mechanism, step up research and development of key technology and high-end technology with creation of technological management, and invigorate development of engineering technological service business.
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