COSL Inks Well Cementing Contract with Sinopec

China Oilfield Services Limited has signed a well cementing services contract with Sinopec International Petroleum Exploration and Production Corporation for the provision of well cementing services to its Sakhalin-Veninsky project in Russia.

COSL has always maintained an excellent working relationship with Sinopec International Petroleum Exploration and Production Corporation. To ensure the smooth operation of this project, the Company has established a Sakhalin-Veninsky well cementing project team to strengthen the coordination and leadership of the project. The estimated operation period of this project is 5 months, and pursuant to the contract, the Company will provide facilities, tools and part of the casing hardware.

Mr. Zhong Hua, CFO and Executive Vice President of COSL, said, "The provision of well cementing services this time is the first overseas project between the Company and Sinopec. Through this project, we hope to further enhance our cooperation with Sinopec, and through the provision of quality drilling services in the overseas market, the Company's capabilities will be further enhanced."

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