COSL's Self-Developed ELIS Snags Service Contract in Middle East

COSL announced that its self-developed Enhanced Logging Image Systems (ELIS) has once again won a logging service contract in United Arab Emirates (UAE).

COSL has already won a cooperation agreement on logging services in UAE earlier in 2006. COSL's high quality service delivered in that contract earned strong recognition from clients and laid a good foundation for the Company's expansion into the oilfield services market in UAE. In this operation, COSL will deliver logging services to clients in UAE using ELIS loaded on desert vehicles. The contract term is three years, renewable for an additional two years, commencing in February 2009.

This contract opens the way for COSL to tap more opportunities in the oilfield services market in the Middle East.