- CEO
- Jianz Hong Liu
- Full Time Employees
- 15,533
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- No. 201, Haiyou Street Sanhe HE China 065201
- IPO Date
- Nov 20, 2002
- Business
- China Oilfield Services Limited (COSL), a subsidiary of China National Offshore Oil Corporation, provides integrated offshore oilfield services covering exploration, development and production phases; its core offerings span geophysical exploration and engineering survey services including seismic data acquisition via 19 vessels and proprietary equipment such as Haijing and Haimai; drilling services utilizing a fleet of 62 rigs encompassing jack-up, semi-submersible and deepwater operations; oilfield technical services featuring well logging, drilling fluids, directional drilling, cementing, completion, production enhancement and workover; and marine support and transportation services with 240 vessels for towing, anchoring, platform positioning, personnel transport and crude oil logistics. COSL operates primarily in China with significant international presence in Indonesia, Mexico, Norway, the Middle East, Southeast Asia, Australia, West Africa, North Sea and Gulf of Mexico, serving major oil companies across these regions. Founded in 2001 and headquartered in Beijing with key facilities in Sanhe and Yanjiao Economic Development Zone, the company maintains the largest and most diverse offshore oilfield services fleet in Asia, emphasizing technological innovation, QHSE standards and sustainable practices. In recent developments, COSL reports robust 2025 performance with Q3 revenue growth driven by higher drilling rig utilization rates reaching 91.2% in H1, technology segment expansion through industrial chain integration and overseas customer pre-qualifications, marine support achievements including the world's first 100,000-tonne floating platform installation, and geophysical advancements via a new marine equipment technology laboratory; it secures contracts such as well abandonment for Petrobras in Brazil's Campos Basin and ongoing high-rate overseas projects while anticipating significant new contract signings.