KingDream

19 Jun.,2023

 

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KingDream

ABOUT KINGDREAM

 


Kingdream Drilling Bits & Tools Division was initially set up in 1973, reformed to a listed company as Kingdream Public limit ed Company in 1998, and now has become a division of Sinopec Oilfield Equipment Corporation while Kingdream Public limit ed Company completed the business restructuring with its parent company in 2015.

Kingdream is also National First Class Enterprise, National Keystone Hi-Tech. Enterprise, and leading oil and gas drill bit manufacturer in China which ranks the largest in Asia.

Market-oriented, the company pushes forward the technical innovation and product improvement and has formed the world advanced technical system with its own intellectual properties. Kingdream has had cooperation with over 30 universities and research institutes both at home and abroad, and the research done by the company regarding rock bit cutting element material, rock bit bearing structure and material, as well as rock bit hydraulic technologies are at the leading position in China. Performance of the new products such high speed motor bit, hard formation drill bit and high efficiency steel body PDC bit series, etc. developed by Kingdream are at the leading level in the world, which represent the development trend of new type of drilling bits.

Kingdream’s roller cone bit and PDC bit production lines are equipped with more than 300 sets of world advanced machinery such as 5-axis machining centers and FMS(flexible manufacturing systems) and can produce roller cone bits from 3-3/4’’ to 26’’ in diameter and matrix body and steel body PDC bits from 3-7/8’’ to 17-1/2’’ in diameter. Kingdream also owns many advanced testing and measuring devices including plasma spectrometer, TCI image apparatus, new type of composite drilling tester and 600KN rock bit simulator, etc. and as a result, consistent quality of drill bit products are largely improved. Kingdream’s products have been licensed under API specifications and the company’s QMS has been certified to ISO9001 for many years. Kingdream also passed HSE certification for many years.

Kingdream regards technical innovation as the core, product quality as the life, and customer satisfaction as the standard. For years, the company is positively acknowledged by customers both at home and abroad because of the company’s technical strength, good reputation, strict quality control and excellent customer service. Domestic market share of the company has been kept above 60% for many years, and Kingdream bits have also been sold to more than 30 countries and regions including USA and Russia. Many awards have been given to Kingdream which include ’China’s Top 10 Brand(Petroleum Machinery)’ in world market’, ‘National Advanced Enterprise in Product Quality and After-Sale Service’, ‘National Customer Satisfaction Enterprise’, ‘The Most Innovative Enterprise of China’, ‘China’s Top 10 Petroleum Drilling & Production Equipment Manufacturers’ (on top of the list), ‘China National Supervision & Inspection Top 10 Satisfaction Brand’, ‘China Credit Brand for Superior Quality & Reliable Service’, ‘National 863 Program Advanced Enterprise on CIMS Application’, ‘Advanced Unit in National Patent System’ and ’National Advanced Unit for Environmental Protection’ etc. ‘KINGDREAM’ trademark is identified as Famous Trademark of China.

It is Kingdream’s untiring pursue to keep producing high quality products and providing high standard service. Looking forward to future, Kingdream shall strive to produce better bit products by taking continuous quality improvement as our main task, making our products better and suitable for the development of drilling process and satisfying customers’ demands as our research direction, so as to provide our customers both at home and abroad with excellent quality products and service.

Research and development
Along technical innovation path of combing independent research and open-up cooperation, Kingdream sets up provincial engineering technology center with complete system. Software & hardware conditions for technical development and related research fruits are all at advanced level in the world. The company has 126 patents granted in China and 14 patents granted in other countries, 155 proprietary technologies and the right to use 25 US patents. Kingdream takes market demand as the direction, technical innovation as the support, and standing at the front of market and technology to continuously improve its product technologies and market service quality.


Product research and development
Kingdream has realized the benign cycle from basic technology research, new technology application & product development and manufacture research to product application service and improvement, so as to turn technical reserve as the backup for product development and market service. Advanced PLM(Product Life Management) system, which is built on the basis of 3-dimensional CAD and PDM(Product Data Management), can technically control the whole life of products, so that the product development can be done in a fast and precise manner to maximally meet the time & function requirements of the market for product lifecycle management.

Material research and evaluation
In order to meet the development requirement of product structures and functions, Kingdream has set up an excellent team for material research, and the team is responsible for development and application researches on rock bit’s structure material, function material and process material, etc.

Kingdream developed different performance series PDC cutters for PDC bit to meet different drilling applications and drilling requirements of different formations.

Product structure and function test & evaluation
Kingdream owns advanced rock bit structure and function test lab and computational lab and such test & evaluations as bit’s cutting structure, bearing, seal and hydraulic system, etc. can all be done within the company. The computational lab utilizes advanced non-linear FEA software and fluid dynamic software to simulate real drilling condition to evaluate and optimize bit structures. Specialized bit simulation software and full scale drilling simulator are used to evaluate the bit’s overall performance.

Product process research
Based on requirements of product technology advancement and market development, Kingdream insists on independent research and development of manufacture process technologies with its own characteristics and has formed integrated and very flexible fast reaction manufacturing process technologies of advanced level of the world.

Product manufacture and quality control
from normal production to creating famous brand
For 38 years and by insisting on the manufacturing principle of ‘Flexibility, Precision & Zero-defect’, Kingdream continuously improve its production line with technical reconstruction and application of new processes, precisely controls production management and advances its manufacturing technologies so as to create famous Kingdream brand.

In order to satisfy the market demand of ‘small lot, multi-types, high product quality and short delivery time’, Kingdream unceasingly carries out lean production capacity. The number of production machines in Kingdream has increased from 12 sets when the company was just set up to 9 production lines for rock bit production with world advanced level at present, and various types of bits ranging from 3 ¾ to 26 inches in diameter can be produced.

Kingdream continually implements integrated machining and utilizes new machining processes to improve its manufacturing technology and guarantee manufacturing flexibility of the production lines and production batch and type has been increased sharply, by 670% and 900% respectively, while average production cycle was shortened by 2/3, rate of timely delivery has reached to 99.7% and rate of acceptable machining has been kept at 99.8%.

Kingdream has set up and kept improving its quality management system, and the system of quality inspection, monitoring and tracing is also established and being improved continuously. The company has been successively passed the ISO9001, API and HSE certifications.


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