Dongying Chuangyuan Petroleum Machinery Manufacturing Co. , Ltd. was established in March 2007 with registered capital of 50.1 million yuan(equivalent to 7.8 million us dollars), is a set of oil machinery and equipment product design and development, production and processing, product sales and after-sales service as one of the national high-tech enterprises. is a national high-tech enterprise engaged in design and development,production and processing of oil drilling machinery/ equipments.The company is located in the Dongying Industrial Park in the hinterland of Shengli Oil Field, China's second largest oil field, with an area of 50,000 square meters and a designed annual output value of 500 million yuan and a net asset value of 150 million yuan.