Stone won the provincial scientific and technological achievements into a special fund ultra-million
Recently, I came across some exciting news from the Provincial Science and Technology Department. The project titled "Research and Industrialization of High-Pressure Oil and Gas Wellhead Equipment and Automatic Safety Control System" by Jiangsu Jinshi Machinery Group Co., Ltd. has been approved as a special fund project for 2005 provincial scientific and technological achievements. This initiative is expected to require a total investment of between 1 to 2 billion yuan. Of this, the provincial government will provide 10 million yuan in direct subsidies, along with 234 million yuan in loan interest support, bringing the total government assistance to 12.34 million yuan. This marks the largest industrialization project supported by the government in Jinhu County, and it represents one of the most significant science and technology development projects in terms of funding.
Jinshi Group has developed five key patented technologies, including the flat-plate valve, slip-type casing hanger, tubing head cable sealing device, hydraulically actuated safety valve, and stem metal self-sealing device. Their high-pressure wellhead equipment combined with an automatic safety control system is designed to automatically release pressure from the safety valve control line when there is an abnormality in wellhead pressure or if a fire occurs at the site. This ensures that the wellhead closes automatically, enhancing safety and efficiency. The technology is considered among the most advanced in the world, showcasing the company's strong R&D capabilities and commitment to innovation in the oil and gas industry.
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