Yangzhou Runda Oilfield Chemicals Co., Ltd. was established in December 2004 in accordance with the policy of separating secondary lines of businesses from core business of China Petroleum and Chemical Corporation, originated from Yangzhou Runda Oilfield Chemicals Factory, one of the affiliates of Jiangsu Oilfield. The company is mainly engaged in research and production of oilfield additives and drilling mud additives as well as providing professional oilfield chemical technical services.
　　The company’s total asset value is 26 million yuan and its annual production capacity reaches 8000 tons, with a total number of 58 employees, among which, 28 employees have received college education or above. The company has 20 sets of key production equipments, with advanced technology and complete detection means. Till now, the company has built good partnerships with a number of oil colleges and research institutions in China. Moreover, it is the research and development base of Institute of Drilling Mud of Jiangsu Oilfield. Its products are mainly sold to oilfields of Jiangsu Petroleum Exploration Bureau such as Jinhu, Liu Lu, Zhen-wu, Shanian, Chajian oilfield and etc. as well as oilfields of China Petroleum and Chemical Corporation East China Bureau and Northeast Bureau as well as Xinjiang Tarim Oilfield and etc.
　　Since its establishment in 1993, the company has always been adhering to the business concepts of "extreme credibility, excellent quality, perfect service, based on the oilfield, and revitalizing factory by scientific technology”. In 2000, the company achieved ISO9001 quality system certification. In 1997, the company’s " development and application of KD mud lubricants and fluid viscosity” won “Jiangsu Oilfield scientific and Technological Progress Award”; in 1998, the company achieved certification of product quality issued by China National Petroleum Corporation; in 2000, the company became a member of China Petroleum and Chemical Corporation first-level resources market; in 2002, the company joined China National Petroleum Corporation Energy No.1.