Pemex Renews Contracts with COSL for Module Rigs COSL1, COSL2
China Oilfield Services Limited (COSL or the Group), an integrated oilfield services provider in offshore China, announced Wednesday that it recently renewed its long-term cooperation contracts for two module rigs (COSL1 and COSL2) with Mexico's Petroleos Mexicanos (Pemex) for over 1,700-day operation period at higher contract day rates.
These two module rigs have been on several cooperation contracts with Pemex for six years in the Gulf of Mexico and gained the recognition of clients for their operational capability. At present, the new contract for module rig COSL1, which has successfully passed the examination of the client and the local government, is formally extended. After repair, maintenance, upgrading and modification, module rig COSL2 will be able to comply with the new contract. The Group currently operates and manages 4 module rigs and 2 jackups in the Gulf of Mexico, an important overseas market. In addition, a 3,000 horsepower (HP) module rig and a jackup will operate there once constructed.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- China's COSL Completes 3D Seismic Ops in North Barents Sea (Aug 10)
- COSL Completes its First Exploration Assignment in the Far East (Aug 08)
- COSL Appoints Qi Meisheng as CEO and President, Replaces Li Yong (Jun 16)
Company: Pemex more info
Operates 45 Offshore Rigs
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
- Private Oil Made a Big Find in Mexico. Now State Oil Wants a Cut (Oct 04)
- Mexico's Pemex Sees Salina Cruz Refinery Restart 3rd Week of Oct (Sep 28)