China Oilfield Services Limited (COSL) said Tuesday its
unauditted net profit was forecast to grow about 95 percent
year-on-year last year.
COSL, a listing arm of the country's largest offshore oil
producer, China National Offshore Oil Corp. (CNOOC), said its
turnover was likely to rise about 40 percent over a year
earlier.
Yuan Guangyu, COSL's CEO and President, said the robust oil and
gas explorations activities were leading to a boom in oilfield
services businesses.
The leading integrated oilfield services provider said the
operating days of its drilling rigs jumped by 11.3 percent
year-on-year to 5,308 days last year.
By the end of last year, COSL operated 15 drilling rigs,
including 11 pack-ups and three semi-submersibles while operating
one leased jack-up rig.
In 2006, its net profit rose 37.4 percent year-on-year to 1.128
billion yuan (156.6 million U.S. dollars) and its turnover climbed
32.9 percent to 6.365 billion yuan.
(Xinhua News Agency January 30, 2008)
