Greater China

COSL orders two subsea vessels

Beijing: China Oilfield Services Limited (COSL) has placed orders at Tongfang Jiangxin Shipbuilding for the construction of two subsea support vessels. Total value of the contract is about RMB200m.

The vessels are scheduled for delivery in the second quarter and third quarter of 2015.

COSL announced in January that the company estimates that the capital expenditure of the  for 2014 will be between RMB7bn and RMB8bn.[27/03/14]

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