OnOctober 23, China Oilfield Services Limited (COSL) disclosed that it had signed important contracts for daily operations.
The announcement shows that COSL has made a major breakthrough in overseas markets. The company has signed a number of long-term contracts for drilling platform services withinternational oil companies in the Middle East, with a total contract value of about 14 billion yuan.
“This marks that the company and international oil companies have entered a new stage of deepening cooperation in various fields of oil and gas field exploration and development, and it also marks that the company’s international operationand management capabilitieshave been fully recognized by worldoil companies.” COSL said.
Since 2022, COSL has accelerated its internationalization and regional development strategy. After the implementation of this project, COSL’s overseas businessin the Middle East will form a new market pattern of “integrating into the Arabian Gulf in an all-round way, forming a community in an all-round way, and promoting high-quality development in an all-round way”.
