COSL Delivers New Jackup for Bohai Operations

COSL reported that its jackup drilling rig COSL936 was delivered for operation on December 30, 2009 in Shenzhen. COSL936 is the world-class-standard jackup drilling rig with capability to operate in waters of 106 meters in depth and maximum drilling depth up to 9,144 meters. It was designed by Gusto MSC and built by China Merchants Heavy Industry (Shenzhen) Co.Ltd..

Mr. Liu Jian, Chief Executive Officer of COSL said during the delivery ceremony, "The delivery of COSL936, together with COSL937 which was delivered earlier will further enhance the operation capability and market competitiveness for the Company's drilling business and strengthen our leading position in the offshore oilfield services market of China."

COSL936 will be towed to Bohai to commence operation after the delivery.

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