Cosl’s net profit enjoyed a steady trajectory from around 209 million in 2002 to 7.5 billion yuan 2014, before plunging to 1.07 billion yuan in 2015 and slipping into a loss last year, as a result of falling global oil prices. Photo: SCMP handout

China Oilfield Services (Cosl) eyes greater overseas exposure amid recovery

‘We have six major overseas business target regions: the Russian Far East, Southeast Asia, the Middle East, Africa, Europe and the Americas,” says CEO and president Qi Meisheng

TOP PICKS

Cosl’s net profit enjoyed a steady trajectory from around 209 million in 2002 to 7.5 billion yuan 2014, before plunging to 1.07 billion yuan in 2015 and slipping into a loss last year, as a result of falling global oil prices. Photo: SCMP handout
READ FULL ARTICLE