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Two new COSL vessels delivered for operation

Two new COSL vessels delivered for operation

Write: Brady [2011-05-20]

China Oilfield Services Limited ( COSL or the Company , HKSE stock code: 2883, SSE stock code: 601808) announces that two new vessels have been delivered for operation successfully. They are COSL561 , a 4,000-brake-horsepower utility vessel built by Guangxi Guijiang Shipyard; and COSL601 , a 6,500-brake-horsepower S-type standby vessel built by Guangzhou Huangpu Shipyard. These mark the beginning of deliveries for operation of the 18 six-type utility vessels.

COSL561 and COSL601 are the first two of the 18 six-type utility vessels COSL commissioned to build lately that are delivered for operation. Their deliveries for operation help improve the vessel age profile in COSL s marine support and transportation services segment, boosting the operation efficiency of the Company's vessel fleet as a whole.