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COSL Enters into Contract for COSL4 Module Rig with PEMEX

Source: 1/7/2014, Location: Asia

China Oilfield Services Limited (COSL) recently entered into a long-term cooperation contract for COSL4, a 2000HP module rig, with Petroleos Mexicanos (PEMEX) for operation period of over 1,700 days at higher contract day rates.

COSL has a six-year-long cooperation with PEMEX. The company has gained recognition of its clients with its professional management and safe, efficient and premium services, and earned a high reputation.

Recently, Mexico passed an energy reform bill, which created favorable conditions for the company's further expansion in Gulf of Mexico.

At the moment, COSL operates and manages 4 module rigs and 3 high-end jack-up drilling rigs there. There will be another 3000HP module rig earmarked for operation in the area once completed construction.

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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

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