Under the ongoing wave of technological innovation in oilfield equipment, Wuxi Hengxin Beishi Technology Co., Ltd. has officially signed a strategic cooperation agreement with Xinjiang Juneng Petroleum Equipment Remanufacturing Co., Ltd. This cooperation focuses on the field of artificial lift solutions and, through exclusive technology licensing and resource integration, enables both parties to jointly use the intelligent conical progressive cavity pump (PCP) oil production system designed for heavy and ultra‑heavy oil production scenarios.

At the agreement signing ceremony attended by representatives from both companies, the participating leaders jointly witnessed this strategic cooperation milestone.

The Tsinghua University cooperation plaque, API certification certificates, and innovation awards displayed by Juneng highlight its technical strength in the field of artificial lift equipment.

Strategic Signing: Tens of Millions in Orders Driving the Intelligent Upgrade of Artificial Lift Systems

Xinjiang Juneng Petroleum Equipment Remanufacturing Co., Ltd. will purchase intelligent all‑metal conical PCP oil production systems with a total contract value of 49.8 million RMB. This PCP artificial lift equipment integrates intelligent control technology and can increase oilfield production efficiency by 30%, making it particularly suitable for complex heavy crude oil lifting conditions.

Technical Synergy to Build an Artificial Lift Solutions Ecosystem

• Technical complementarity: Hengxin Beishi provides full life‑cycle services for PCP oil production equipment, while Xinjiang Juneng contributes heavy‑oil viscosity‑reduction technology, and together they create an integrated “artificial lift system + process” solution.

• Resource sharing: A five‑year strategic cooperation period is established, during which the two parties will jointly build a market network and an intellectual property protection mechanism.

• Risk management: A cooperation assurance mechanism is set up to ensure the sustainable operation of the project.

This cooperation marks the successful practice of Hengxin Beishi’s “certified technology + intelligent products + strategic ecosystem” model in the artificial lift system field, continuously promoting the intelligent and sustainable development of oilfield production.