Offshore staff

China Oilfield Services Limited has taken delivery of the locally built "COSL 941", its first self-constructed 400-foot jack-up rig.

"COSL 941" is a joint project of COSL and U.S.-based FGL Buyer LLC and was built in the PRC by Dalian New Shipbuilding Heavy Industries Co., Ltd.

The total investment is approximately $135 million. Major equipment was provided by National Oilwell Varco, Caterpillar, and Siemens.

While its operation depth is 400 ft, its drilling depth can reach 30,000 ft.

COSL 941 is scheduled for the Gulf of Tonkin in mid-June to drill for one exploration and two production wells for CNOOC Ltd

"The construction of COSL 941' is the largest project that the company has embarked on since its listing, the completion of the project significantly enhanced the capacity of our facility," Yuan Guangyu, CEO of COSL, said. "In addition, COSL 942, another 400-foot jack-up rig, has entered into the phase of building and implementation. COSL endeavors to further enhance its drilling facilities and service capability while expanding its service scope, aiming to become an international energy service provider."

06-05-06