China Oilfield Services Ltd (COSL) has has signed several long-term drilling rig service contracts with a “first-class international oil company in the Middle East,” with a total contract amount of approximately $1.9 billion, the company said.
The contract marks “deepening cooperation between the company and international oil companies in various fields of oilfield exploration and development,” COSL noted in a press release.
After the implementation of the project, the company’s overseas business service in the Middle East will form a new market pattern of “all-round integration into the Arabian Gulf, all-round community formation and all-round promotion of high-quality development”. In this cooperation, the COSL will fully activate the large-scale operation capability of its largest offshore drilling service fleet in the world, and upgrade and speed up to ensure the implementation of oilfield exploration and development needs of key customers.