COSL Enters Gulf Module Rig Market

COSL4, the first 7000-meter module rig designed, constructed, installed and mobilized by China, departed Nantong Friday for its working site: the Gulf of Mexico.

The module rig is the first among the four module rigs China Oilfield Services Limited (COSL) constructed for Pemex. COSL owns the complete intellectual property rights of all the four module rigs, of which 86% key equipments and accessorial facilities were made in China. The percentage of home-made parts has greatly increased than before.

The Gulf of Mexico is the world's largest offshore oilfield area and is famous for active deep sea exploration. This project not only enables COSL to successfully tap into the traditional business areas of oilfield service providers in Europe and America, but also provides the Group with an opportunity to secure market share in the Gulf of Mexico, a region of utmost political and economic importance with abundant oil and gas reserve, as well as active oil and gas exploration and production.

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