COSL Resource-efficient Work Proceeded Steadily

(8 December 2006) China Oilfield Services Limited ( COSL or the Company , stock code: 2883.HK) established a group leadership team on efficiently using resources. The team is led by the Company s COO and Executive Vice President Mr. Li Yong. A department on resource efficiency was established at the same time and it is currently drawing up a plan and regulations of saving energy resources within the Company. Such related work is in steady progress.

Mr. Li Yong, COO and Executive Vice President of COSL, said The issue of energy concerns our country s sustainable development. To save energy resources and improve their effective utilization and recycling is the fundamental solution of energy shortage. Meanwhile it is also the foundation of our company s development. We will continue to push the work of resource efficiency and further upgrade our competitiveness.