COSL 935 Reaches Safety Milestone

China Oilfield Services Limited reports that its jackup COSL 935 has accomplished its second "500th Day of Safe Operation".

COSL 935 is being leased from another state-controlled entity. Since 2003, the Company overcame difficulties in equipment operations and personnel allocation, and ensured the smooth operation of the Company. In managing and operating COSL 935, the Company strictly followed the requirements of the Company's QHSE system, continuously strengthening the safety training of employees. The Company's ideas of "5 wants, 5 don'ts" and the "8 safety consciousness" were fully implemented into its operations, and raising the safety consciousness of employees has become a long-term commitment, bringing outstanding safety performance for the Company.

COSL 935 currently continues to provide drilling services to Anadarko (formerly Kerr-McGee).

The "500th Day of Safe Operation" of COSL 935 is another demonstration of the Company's implementation of the QHSE system. Mr. Yuan Guangyu, CEO and President of the Company, said, "Safety is a very important issue which directly affects the Company's operations, and QHSE is the cornerstone of the Company's reputable brand name. The Company will continue to rapidly develop its products, increase its number of employees, and maintain high usage rate of the Company's large-scale facilities, at the same time further enhancing its safety management to ensure the smoothness in the Company's operations."