COSLInnovator, a semi-submersible drilling rig under China Oilfield Services Limited ('COSL' or the 'Company') recently delivered outstanding performance in a single-well operation for its client Statoil in Norwegian North Sea. This well operation was named a Perfect Well, the first recognition given to a drilling service contractor in the history of Statoil.

A Perfect Well, established by Statoil, represents the recognition of the highest standards in an integrated score attained in the respective drilling operation region. This score comprises a combination of the best scores for a single drilling operation made by all contractors in the history of the region. In this operation, COSLInnovator built on its premium-quality high-efficiency operation and leveraged the good communication and coordination with the client and its internal team members in delivering services of higher standards. It scored new records on five counts established by Statoil for a Perfect Well and thereby won the recognition.

With a maximum operation water depth of 2,460 feet, a maximum racking capacity of 24,606 feet, a maximum variable load capacity of 4,000 tons, coupled with its high level of automation, highly convenient maintenance and high safety standards, COSLInnovator has been named Rig of the Month twice by Statoil. The reception of recognition this time has effectively enhanced the Company's brand influence in the industry and has fully demonstrated the Company's international drilling service capability and team strength.


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