The oil and diesel double fuel engine was successfully developed

In recent years, Jinan Diesel Engine Co., Ltd. (000617), a leading manufacturer known for its high new product contribution rate, has developed a diesel/natural gas dual-fuel engine and its corresponding generator set specifically designed for oil drilling power. This innovative technology has recently been recognized by the China Petroleum System Expert Group, marking a significant milestone in the industry. The project addresses a critical gap in the market by offering high-power dual-fuel engines capable of operating above 1000KW, both domestically and internationally. As global energy demand continues to rise, the energy crisis is becoming more severe. Natural gas, with its clean-burning properties and abundant reserves, has emerged as a promising alternative fuel. It plays a vital role in balancing energy consumption, promoting energy efficiency, and meeting environmental protection standards. With the expansion of the petroleum industry and the continuous upgrade of drilling equipment, the conflict between energy shortages and the need to reduce drilling costs and improve efficiency has become increasingly evident. According to statistics, fuel consumption in drilling machinery accounts for over 20% of total drilling costs. Since most oil rigs are located in remote areas where transportation is difficult, diesel is expensive and hard to transport. In contrast, natural gas is often readily available at oil fields, with minimal processing required and almost no cost involved. This makes it an ideal solution for reducing drilling expenses and enhancing economic returns. Therefore, the development of a diesel/natural gas dual-fuel engine tailored for oil drilling rigs has become a pressing need. By utilizing local natural gas resources instead of diesel, oil companies can significantly cut costs and achieve greater profitability. It is reported that the Zhongshi system will gradually replace existing diesel engines with dual-fuel engines on suitable rigs, aiming to dramatically lower drilling costs. Once the technology is stable, mature, and reliable, it will be expanded into the international drilling rig power market. Beyond its primary use in gas-rich fields, diesel/natural gas dual-fuel engines can also serve as new power solutions for fixed power generation, natural gas gathering and transmission compressors, and other industrial applications in China.

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