BEIJING -- China Oilfield Services Ltd. jackup COSL 941 spudded its first-ever well in Beibu Gulf, South China Sea. COSL 941 is COSL's first advanced jackup rig built in China.
"The construction project of COSL941 is the biggest project the Company ever invested in since our public offering." says Yuan Guangyu, CEO and president of COSL.
"Its delivery greatly enhanced our integrated equipment capacity. COSL941's successful commencement of drilling is only the beginning of success, under such favorable market conditions, we are confident and determined in achieving better results."