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China Oilfield Services

#1977

Rank

$8.14B

Marketcap

CN China

Country

China Oilfield Services
Leadership team

Mr. Shunqiang Zhao (Exec. Chairman & CEO)

Ms. Chong Xiaojie (Chief Financial Officer)

Mr. Weizhou Sun (Gen. Legal Counsel, Chief Compliance Officer & Sec. of the Board)

Products/ Services
Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Beijing, Beijing, China
Established
1982
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
2883.HK
Overview
Location
Summary
China Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainland China and internationally. The company operates through four segments: Drilling Services, Well Services, Marine Support Services, and Geophysical Acquisition and Surveying Services. The Drilling Services segment provides jack-up drilling rig, semi-submersible drilling rig, modular rig, and land drilling rig services; and casting and tubing, and running pipe inspection and repair services. This segment operates and manages 36 jack-up drilling rigs, 12 semi-submersible drilling rigs, and 6 modular rigs. The Well Services segment offers onshore and offshore well services, including logging, drilling and completion fluids, directional drilling, cementing, well completion and workover, stimulation, and oilfield production optimization. The Marine Support Services segment offers anchor handling, towing of drilling rigs/engineering barges, oil lifting, offshore transportation, standby, firefighting, rescue, oil spill assisting, and other marine support services. It operates and manages approximately 130 vessels, including anchor-handling tug/supply, platform supply, and multi-purpose vessels, as well as barges and shuttle-tankers. The Geophysical Acquisition and Surveying Services segment provides marine seismic acquisition, offshore geo-surveying, seismic data processing and interpretation, and underwater engineering services. This segment owns 6 seismic vessels, 2 ocean bottle cable teams, and 5 engineering surveying vessels. China Oilfield Services Limited also issues bonds. The company is based in Sanhe, China. China Oilfield Services Limited is a subsidiary of China National Offshore Oil Corporation.
History

COSL was founded in 1982 and is the first oilfield services company established in China. Since then, the company has grown to become one of the leading integrated oilfield services provider in China's offshore oil and gas industry. COSL is a member of China National Offshore Oil Corporation (CNOOC) group, and is listed on the Hong Kong Stock Exchange.

Mission
Our mission is to provide cost-effective oilfield services, products and solutions to customers in the global oil and gas industry, and to create value for our clients through our sales, marketing and technological capabilities.
Vision
Establish COSL as the leading integrated oilfield services provider in the global offshore oil and gas industry.
Key Team

Mr. Feng Yu (VP & Exec. Director)

Mr. Dexing Yang (VP and Safety Director)

Ms. Sau Mei Ng ACIS, ACS, FCIS, FCS (Joint Company Sec.)

Mr. Tao Lu (VP)

Mr. Xiaogang Liu (VP)

Recognition and Awards
COSL has been honored with the 'Outstanding Company Award' from the China Petroleum and Petrochemical Technology and Economy Association in 2015, and was awarded the 'Outstanding Technology Service Company Award' from China Shipbuilding Industry Corporation in 2017.
References
China Oilfield Services
Leadership team

Mr. Shunqiang Zhao (Exec. Chairman & CEO)

Ms. Chong Xiaojie (Chief Financial Officer)

Mr. Weizhou Sun (Gen. Legal Counsel, Chief Compliance Officer & Sec. of the Board)

Products/ Services
Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Beijing, Beijing, China
Established
1982
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
2883.HK