China Oilfield Services Net Worth is16.6 12-Month Sales Growth (%)
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Company Name: China Oilfield Services Limited , ????????????

Company Logo: Image:Cosl.png

Company Type: State-owned enterprise

Foundation: 2001

Location City: Beijing

Location Country: China

Key People: Fu Chengyu (Chairman)

Area Served: China

Industry: Oil exploration and Oil drilling

Parent: CNOOC

Homepage: [http://www.cosl.com.cn/ens/ China Oilfield Services]

China Oilfield Services (COSL) (SEHK: 2883,SSE: 601808) is an oilfield service. It is a majority owned subsidiary of Chinese state owned company CNOOC Group. It also has a listed sister company in Hong Kong, CNOOC Limited.
China Oilfield Services is seeking acquisition targets in Southeast Asia, the Middle East and Central Asia, to bolster its operating scale and technical competencies. But high oil prices and a speculative investment environment have made agreements difficult to come by, company secretary Chen Weidong told the South China Morning Post.
The parent company of dominant offshore oil producer CNOOC is particularly interested in companies operating in Indonesia, Malaysia and the Caspian Sea.
COSL's overseas revenue surged 133% year on year in the first half to 209.8 million yuan, driven by demand for its services in Indonesia, West Africa and the Middle East.
With crude prices more than doubling in the past two years, a speculative merger and acquisition frenzy has gripped the oil services market.
COSL had an office in Kuala Lumpur, Malaysia briefly in the early 2000's when it had its first western Vice President, Alan Good, a British born Oilman who helped launch the company internationally and pushed for further growth in the international sector.
COSL also maintains an office in Houston, TX as COSL America
Globally, the number of listed players in the oilfield services sector is just over 100, with a combined market capitalisation of about US$250 billion. The top five account for 40% of the industry's market capitalisation. The two largest companies in this sector are Schlumberger with a 2007 year-end market cap of US$117.6 billion and Halliburton with a 2007 year end market cap of US$33.4 billion.
According to Mr Chen, US firms tend to be the most expensive with enterprise values running two to three times book values, compared with one or less in Europe and Asia.
COSL claims a 95% share of China's market for offshore drill

China Oilfield Services Latest News

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Among the significant number of state-owned drilling companies, Greka stands out as the only independent foreign drilling contractor sustainably providing services within the CBM sector in China to the majors." In London, Greka shares were trading at 2.50 ...
Posted: August 16, 2017, 1:06 am

Market Analysis of the Global Oilfield Communication Industry 2010 to 2020 Using a Base Year of 2017

especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Oilfield ...
Posted: August 3, 2017, 2:05 am

Well Cementing Services Market Global Trends 2017 to 2025, Future Growth & Industry Drivers

A few of the key players in the global well cementing services market are Top-Co., China Oilfield Services Ltd., Trican Well Service, Gulf Energy Llc., Weatherford, Halliburton, Baker Hughes Inc., and Schlumberger Ltd. About TMR Research TMR Research is a ...
Posted: August 16, 2017, 4:04 pm

A Recent Study Says That Oilfield Services Market Report on Global Market Will Make a Huge Impact In Near Future

further increasing the demand for pressure pumping services. Countries such as the U.S. and China are expected to drive the market demand, mostly because of the ongoing shale boom. The Global oilfield administrations market was esteemed at USD 103.26 ...
Posted: August 10, 2017, 4:33 am

Twinza signs deal for Pasca A gas-condensate field development

Last month Twinza signed a contract with China Oilfield Services Ltd. for use of the COSL Seeker jack up rig to drill the appraisal well in Pasca A field. The company submitted an environmental impact statement for the development program in August 2016 ...
Posted: August 9, 2017, 9:40 am
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