In December 2022, Heli Tech Energy Technology Co., Ltd. (hereinafter referred to as "Heli Energy") completed a Pre IPO round of financing worth hundreds of millions , with Glory Fund participating in this round of financing.

Glory Fund’s comments

Glory Fund believes that Heli Energy's core competitiveness lies in independently developed high-end downhole tools, with oil and gas well technology services and marine oil and gas equipment management as application scenarios. This greatly promotes the domestic substitution of mid to high end special downhole tools, which helps to create a technology driven new integrated engineering technology service model and achieve deep integration of advanced technology and oil and gas development.

The investment in Heli Energy  is not only because Heli Energy's business conforms to the macro direction of the national energy security strategy, but also because Glory Fund recognizes its import substitution of underground tools and deep-sea equipment, its outstanding effect in increasing oil and gas production through technical services, and its achievements in the field of carbon dioxide utilization.

Founded in 2016, Heli Energy is located in Lingang Industrial Zone, Binhai New Area, Tianjin, covering an area of 70000 square meters. It is a technology-based joint-stock company specializing in the research and application of oil and gas technology. The company's business includes oil and gas technology research and development, drilling and well repair technology services, high-end equipment services, precision machining of oil tools, and IoT and big data services for the oil and gas industry.

The core management and technical research and development team of the company come from the world's top five oil service and multinational oil service companies, with rich overseas project experience and international vision.

Heli Energy has dozens of patents and its business covers major oil and gas fields in China, forming an international business pattern centered on the Middle East and radiating to North Africa, Central Asia, and Southeast Asia. In addition to possessing various API related qualifications, we also have a comprehensive quality management system and have obtained API Q1 and API Q2 qualifications. Adhering to the concept of "technology first, people-oriented", Heli Company continuously invests in technology research and development to create more value for customers.

Heli Energy adheres to the core values of "sharing the destiny with national energy security and taking the mission of overcoming bottleneck technologies". Since its establishment, the company has completed a series of advanced technology import substitution and obtained relevant intellectual property rights, including reducing friction and drag in large displacement wells, drilling shock, drilling expansion, efficient milling, complex salvage, and tapping residual oil in ultra short radius drilling. At the same time, Heli Energy has also established a comprehensive geological engineering integrated service system, which deeply integrates school enterprise resources, with geological analysis, downhole tools, and integrated engineering management as the three pillars, providing strong support for cost reduction and production increase in oil fields.

In the field of original factory level repair and remanufacturing of marine equipment, Heli Energy has also been deeply involved for many years and has made significant achievements. Especially for deep-sea well control and drilling equipment, the repair level requirements are extremely high due to their harsh working environment. The core equipment repair of many deepwater drilling ships, including Haiyang Shiyou 981, Exploration No. 4, etc., is the result of joint efforts. The company has obtained the strictest quality control system certification and bonded maintenance qualification in the industry, laying a solid foundation for expanding the international blue ocean market of marine equipment remanufacturing.

In recent years, Heli Energy has been able to maintain rapid development, which is closely related to the company's continuous hard work in research and development. Whether it is the underground tool products winning the "Excellent Invention Achievement of Scientific and Technological Innovation" award at the China Scientists Forum, or the enterprise winning the honorary title of "Tianjin Specialized, Refined, Unique and New Seed Enterprise", it is the hard work of the joint R&D personnel behind it. When talking about the future research and development direction of Heli Energy, Hou Lidong gave the answer in one sentence: "What the country needs for energy development, Heli Energy will research and develop.

Middle East project

Daqing project and Shaanxi project

South China Sea project and Bohai Sea project

Sichuan project

Xinjiang Project