China Oilfield Services Limited (CO9)

Overview

Founded in 2001 and based in Sanhe, China, China Oilfield Services Limited specializes in providing a comprehensive suite of offshore oilfield services both within Mainland China and on an international scale. Operating under the aegis of its parent company, China National Offshore Oil Corporation, it distinguishes itself through a multifaceted approach to offshore oilfield operations. The company's array of services is methodically categorized into four main segments: Geophysical Services, Drilling Services, Well Services, and Marine and Transportation Services. Each segment is dedicated to facilitating various stages of oilfield exploration, development, and maintenance, ensuring an integrated solution for clients engaged in the offshore oil extraction industry.

Products and Services

• Geophysical Services:

  This segment addresses the initial stages of oil exploration and development through marine seismic acquisition, seismic data processing and interpretation, and a broad spectrum of geo-technical surveys, including geotechnical and marine environmental investigations. Furthermore, it offers advanced support through subsea engineering, deep water engineering surveying, and a variety of consulting services, alongside manufacturing relevant equipment.

• Drilling Services:

  China Oilfield Services Limited provides comprehensive drilling solutions through its fleet of jack-up drilling rigs, semi-submersible drilling rigs, modular rigs, and land rigs. Additional services include the operation of lift boats and accommodation rigs, as well as casting and tubing running, alongside pipe inspection and repair services. This segment is pivotal for clients needing to drill new wells or maintain existing ones.

• Well Services:

  This segment encompasses a broad range of services aimed at optimizing well operations, both onshore and offshore. Offerings include logging, drilling and completion fluids, directional drilling, cementing, well completion and workover, stimulation, and oilfield production optimization. These services are essential for enhancing oilfield productivity and extending the lifespan of oil wells.

• Marine Support Services:

  Focused on supporting the logistical and operational aspects of offshore drilling activities, this segment provides a variety of essential marine support services. These include anchor handling, towing for drilling rigs/barges, oil lifting, cargo transportation, and standby services. Additionally, it covers firefighting, rescue, oil spill response, and other critical marine support functionalities necessary for safe and efficient offshore operations.