China Oilfield Services Limited ("COSL" or the "Group") announced that its newly built module rig, COSL7 is being delivered to Mexico, while installation of modules and pre-operation testing will commence upon its arrival at Gulf of Mexico.

COSL7, a module rig, is designed to operate in well depths of 25,000 ft, equipped with winch capacity of 3,000 HP, as well as top-drive drilling volume of 750 tonnes. Starting from its delivery of Mexico, COSL7 will provide drilling services to clients in the region for no less than 3 years, where service fees will be relatively higher as compared to previous module rigs. Prior to COSL7, COSL currently has 4 module rigs providing offshore drilling services in Gulf of Mexico, while their contracts have been renewed continuously.
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