On January 17th, the company held a LWD3.0 project promotion meeting with Daqing Drilling Directional Well Company in Daqing. The meeting had in-depth discussions on the application status and next steps of the LWD3.0 system, and reached multiple consensuses. At the meeting, Daqing Drilling Directional Well Company conducted a comprehensive review of the LWD3.0 system project. After nearly two years of trial operation, a large amount of construction application data and systematic feedback have shown that through continuous upgrading and optimization of the LWD3.0 system, its performance has been continuously improved, and the overall level has basically reached the standard level. At the same time, directional well company emphasized the pressure faced by the market, pointed out the urgency and importance of the project, and requested both parties to strengthen linkage, improve efficiency, and enhance quality control to ensure the smooth construction and application of LWD3.0 system in the future.
     
      The Vice General Manager of the company, Yu Jingwu, briefly introduced the latest development status of the company and  the construction application of the LWD3.0 system. He proposed relevant work measures to promote the construction application of the LWD3.0 system, expressing the company's high attention to the project and strong technical confidence. The company will continue to support the project and jointly create a high-performance, low-cost, and fully competitive product, contributing value to customers' cost reduction, quality improvement, and efficiency enhancement. At the meeting, our company invited leaders and experts from Daqing Drilling Directional Well Company to visit our Guangzhou headquarters at an appropriate time to inspect the technical reserves and production organization of the LWD3.0 system.
     
     In 2025, the market for conventional horizontal wells in Daqing will have a full workload. Both parties have unanimously decided to accelerate the on-site construction application of the LWD3.0 system. Both parties will continue to coordinate resources and make greater efforts to strengthen relevant support work, ensuring that the goals set in the memorandum of understanding for the FEWD equipment upgrade and renovation project signed by both parties in early 2024 are implemented as soon as possible. Through communication, both parties have once again unified their goals, strengthened their confidence in cooperation, and clarified their work progress. Both parties will work together to tackle challenges and promote the construction application of LWD3.0 system to achieve greater results by 2025.