Recently, China Oilfield Services Limited ('COSL' or the 'Company') has stood out from numerous international competitors in an open tender, obtaining an opportunity to perform drilling operation in Papua New Guinea offered by the Australian company TWINZA OIL. The contract has been officially signed by the two parties.

The project is the first-time cooperation between COSL and TWINZA OIL. For the operation, the Company plans to use COSLSeeker, which will arrive at Papua New Guinea in late August after the completion of its drilling operation in Indonesia.

The Papua New Guinea market, in which the Company's geophysical vessel HYSY 719 has good operation records, possesses a promising future. The Company is confident that it will obtain more operation opportunities in the region.

COSL - China Oilfield Services Limited published this content on 21 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 August 2017 09:47:06 UTC.

Original documenthttp://www.cosl.com.cn/art/2017/8/21/art_20771_2709301.html

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