COSL Establishes New Equipment Manufacturing Operation

China Oilfield Services Limited (COSL) signed on June 4, 2008 a land supply agreement for establishment of an oil equipment manufacturing and portside operation support base in Cao Fei Dian, Tang Shan City.

The agreement was signed in Yanjiao with Bureau of Land & Resources of Tang Shan. Representing both parties were Mr. Xu Xiongfei, COSL's Vice President and Mr. Li Huanwu, Deputy Director-General of Bureau of Land & Resources of Tang Shan and Head of the Working Group on Cao Fei Dian Industrial Zone.