Daqing Oilfield is the largest continental oilfield in China. After 50 years development, the total quantity of drilling and artificial equipments of the oilfield has reached to a considerably large size and it is still increasing with a higher rate. Daqing Oilfield had to spend a lot in maintenance and renewal of the equipments. For example, only the replacement of artificial lifting equipments would cost 156.75 million USD each year. In the past tens years, Daqing Oilfield invested huge funding to improve the equipment management and recycling manufacturing techniques. After years of study, a set of management methodology was created and a series of rebuilding techniques were developed. This paper presented the practices both in drilling and production equipment management and rebuilding techniques. This paper also decribe the outlook of oilfield equipment management and rebuilding techniques in the future.

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