China Oilfield Services Ltd | South China Morning Post
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  • Mar 3, 2015
  • Updated: 5:24pm

China Oilfield Services Ltd

More demanding tasks set to bring more income at COSL

A possible decline in the drilling rates of jack-up rigs like the one above being built in Dalian could hurt COSL's profit margins, according to one financial analyst. Photo: Bloomberg

The nation's dominant offshore oil-drilling services provider, China Oilfield Services Ltd (COSL), expects the basic drilling rate it charges its customers to be flat this year, even as its largest customer, CNOOC, is raising spending.

Monday, 4 February, 2013, 4:19am

China Oilfield in deepwater push

China Oilfield Services Ltd (COSL) plans to spend 3 billion yuan (HK$3.33 billion) in the next three years to beef up its capacity to serve the nascent but high-potential deepwater drilling market.

Going deepwater is one of three business drivers of the nation's dominant offshore oil services provider this year, according to chief executive Yuan Guangyu.

1 Apr 2008 - 12:00am

Yuan aims to make COSL global leader

Chief sticks to core strategies to pursue goal

Yuan Guangyu could not hide his pride and happiness as he talked about China Oilfield Services Ltd (COSL), even a month before the threefold surge in its share price on its trading debut on the Shanghai stock market.

12 Nov 2007 - 12:00am

COSL posts 73pc increase for quarter

China Oilfield Services Ltd (COSL), the mainland's dominant provider of offshore drilling and related services, posted a 73.3 per cent year-on-year jump in third-quarter net profit to 604.12 million yuan. Turnover surged 38 per cent to 2.29 billion yuan.

30 Oct 2007 - 12:00am

China Oilfield to carry out US$10m overhaul of rig

China Oilfield Services Ltd aims to begin in the third quarter an estimated US$10 million programme to overhaul one of its drilling rigs and extend its operating water depth as part of efforts to capture growth opportunities in deepwater oil drilling.

2 Apr 2007 - 12:00am

COSL boosts spending to 3.5b yuan

Oilfield services group targets profit growth of at least 20pc

China Oilfield Services Ltd (COSL), the dominant provider of services to the offshore China oil and gas industry, expects profit to grow at an annual rate of least 20 per cent in the next few years, as it increases investment to as much as 3.5 billion yuan this year.

25 Jan 2007 - 12:00am

COSL signs deals for vessels worth $631m

China Oilfield Services Ltd (COSL) - the country's largest offshore oilfield services provider - has signed contracts worth 672 million yuan (about HK$631 million) to build eight support vessels to meet anticipated demand.

14 Jan 2003 - 12:00am