COSL Beats Out Big Boys For Indonesian Service Contract

China Oilfield Services Limited has recently won a letter of intent for a three-year drilling fluids service contract in Indonesia from CNOOC SES Ltd., with the total contract amount of several million US dollars. It is the first time to extend COSL's drilling fluids service contract to Indonesia through international public tender. A number of internationally renowned oilfield services companies participated in the tender.

Mr. Yuan Guangyu, Vice Chairman, CEO and President of COSL, said: "This is the first time COSL commits to deliver drilling fluids services in Indonesia, representing a breakthrough in expansion into overseas market by our overseas well services team. I believe COSL is fully eligible for provision of high-quality services under this contract."