Delivery of COSL's HYSY944 Jackup Expected in Late 2015

China Oilfield Services Limited (COSL or the Group), the leading integrated oilfield services provider in offshore China, disclosed Friday that construction of its 400-feet jackup HYSY944 (400' ILC), initiated last year, commenced recently in a shipyard after completing the design and procurement stages. The rig is expected to complete construction and be delivered at the end of 2015.

HYSY944 adopted the CJ50-X120-F hull designed by GUSTO MSC. It is a cutting-edge high-end jackup widely recognized in the international market. It is designed to operate at water depths of 400 feet and is capable of performing drilling operations at depths of up to 30,000 feet.

Distinguished from the other existing jackups, HYSY944, with its large pile shoe design, meets the operation requirements in some soft-crust regions, where more drilling depths are required. This will help enhance COSL’s equipment competitiveness.


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