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COSL Indonesia

Norway

Address: COSL Drilling Europe AS, Vestre Svanholmen 4, 4313 Sandnes

Tel: +47 51 95 09 00

Web: http://www.cosl.no/index.cfm

Company description

COSL Drilling Europe AS is a subsidiary to China Oilfield Services Limited, (COSL) Beijing, China. COSL Drilling Europe AS head office is located in Stavanger, Norway. COSL Drilling Europe AS owns and operates 5 drilling- and accommodation units. All units are in operation in the North Sea area. The fleet consist of three drilling units and two accommodation units. The accommodation units COSLRigmar and COSLRival are both operating on long term contracts for ConocoPhillips in Norwegian and United Kingdom. The three drilling units were delivered from the Yantai CIMC Raffles Offshore yard from November 2010 to May 2012. COSLPioneer commenced her up to 5 year contract with Statoil in August 2011. COSLInnovator commenced her 8 year contract with Statoil for operations on the Troll Production Licence in November 2012 and COSLPromoter commenced in January 2013 also for Statoil on the Troll Production Licence. The fixed contract period for each of these rigs is 8 years plus 8 x 1 year options. In addition the construction of the 4th drilling unit, COSLProspector, started in summer 2012 and the drilling unit will be delivered in Q3 2014 from the Yantai CIMC Raffles Offshore yard. COSLProspector will be capable of operating in harsh environments with a water depth range from 100 meter to 1,500 meter. The vision for COSL Drilling Europe is to be the preferred supplier of drilling- and accommodation services

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