Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
COSL wins drilling fluids service contract in Indonesia
+ -
08:07, April 08, 2008

 Related News
 China Oilfield Service says 2007 profit almost doubled on rising business
 China Oilfield Service signs 400 mln yuan contract on deep water operation
 China Oilfield Services forecasts 95% net profit rise in 2007
 COSL inks deal with PNOC on geothermal wells
 COSL shares go through the roof on Shanghai debut
 Comment  Tell A Friend
 Print Format  Save Article
China Oilfield Services Limited (COSL) announced on Monday it had received a letter of intent for a three-year drilling fluids service contract in Indonesia worth "several million" U.S. dollars.

The letter was from China National Offshore Oil Corporation's Southeast Asia Ltd. (CNOOC SES Ltd.). It was the first time COSL had extended its drilling fluids service contract to Indonesia through international public tender.

According to a company source, a number of international oil field service companies participated in the tender.

Yuan Guangyu, COSL CEO and president, said the move represented a breakthrough in the company's expansion into the overseas market.

COSL has been listed in Hong Kong and Shanghai. Its stock can be traded by means of Level I unlisted American Depositary Receipts on the over-the-counter market in the United States.

Its business activities are mainly carried out in offshore China, extending to America, the Middle East, offshore Africa and Europe.


  Your Message:   Most Commented:

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved