COSL wins Primeline contract for East China Sea drilling works

COSL wins Primeline contract for East China Sea drilling works

Shanghai: China focused exploration and production company Primeline Energy has announced that it has signed a letter of intent with China Oilfield Service Limited (COSL) for drilling operations at Block 33/07 in the East China Sea.

COSL will undertake turnkey drilling works for two wells in the block commencing in August, at an estimated cost of around $20m.

The first well to be drilled will be LS23-1-1 and the second well will be selected from 2 further candidates following the evaluation of the results of the first well.

Primeline is the operator of the block under a contract with CNOOC.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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