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文章来源:baobaobubu    发布时间:2019-11-22 13:12  【字号:      】

COSL Announces Third Quarterly Report for 2018

China Oilfield Services Limited (“COSL” or the “Group”; HKSE stock code: 2883; SSE stock code: 601808) announced its unaudited third quarterly financial report for 2018. In 2018, although global oil prices are slowly increased while fluctuating, the phenomenon of oversupply in the oilfield field services industry continues which will take longer time for the industry to fully recover. Meanwhile, the cost pressures as a result of the delay of customers’ projects, operation preparation expense and stringent environmental protection requirements have posed great cost challenges to COSL. During the period, the Group continued to focus on safety management and refined management, accelerate technology development and enhance international operation and management capabilities. The workload of the main business lines has been adjusted to a certain extent. In the first three quarters of 2018, the Group’s revenue amounted to RMB13,718 million, increased 16.5% as compared with the same period of last year, while the Group’s net profit amounted to RMB-263 million. The Group continued to make profits in third quarter of the year.For drilling services segment, Equipment utilization rate continued to increase, with the utilization rate of calendar day increased 10.9 percentage points as compared with the same period of last year; for well services segment, the operation volume of the major business lines increased, resulting in an increase in the overall revenue; for marine support services segment, the number of operating days was on the rise, with the calendar day utilization rate increased by 2.8 percentage points. In respect of geophysical acquisition and surveying services segment, the operation volume of 2D acquisition operation grew significantly year-on-year while the multi-client acquisition operation was underway.The Group’s Management indicated: “In the face of the challenges, COSL will remain committed to developing new markets and keep a close watch on CNOOC’s plans of exploration and development in domestic market as well as othe经典小说排行榜前十名r domestic and overseas customers’ needs. Through further increasing the utilization rate of equipment and the contribution of well services segment, promoting cost control, COSL will achieve high-quality development.”久久热这里 只要精品 久久热这里 只要精品