COSL Inks Contract to Supply COSL4 Module Rig to Pemex

China Oilfield Services Limited (COSL or the Group), an integrated oilfield services provider in offshore China, announced Tuesday that it recently entered into a long-term cooperation contract for COSL4, a 2,000 HP (horsepower) module rig, with Petroleos Mexicanos (Pemex) for operation period of over 1,700 days at higher contract day rates.

COSL has had a six-year-long cooperation with Pemex. The Group gained recognition of its clients with its professional management and safe, efficient and premium services, and earned a high reputation. Recently, Mexico passed an energy reform bill, which created favorable conditions for the Group’s further expansion in Gulf of Mexico.

At the moment, COSL operates and manages 4 module rigs and 3 high-end jackups there. Moreover, there will be another 3,000 HP module rig earmarked for operation in the area once completed construction.

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