Panjin Liaohe Oilfield Tianyi Petroleum Equipment Co., Ltd. was established in 2006 and is located in the Petroleum High-tech Industrial Park of Panjin Economic Development Zone. It has total assets of 607 million yuan, fixed assets of 166 million yuan, and registered capital of 70 million yuan. The company, with 70,000 square meters of working space, houses an R&D and design office building with a construction area of 1,050 square meters and top drive assembly, maintenance and electronic control workshops, and new technology R&D workshops and warehouses with an area of 1,700 square meters. It has 551 employees, including 45 middle and senior engineers, 125 professional technicians in various disciplines, 26 professional inspectors, and 208 professional top drive service engineers. The top drives have been used in Russia, Venezuela, Indonesia, Iraq, Sudan, Iran, Niger, South Korea, Kuwait, Saudi Arabia, Pakistan and other countries and oil and gas field projects in China.