COSL renews cooperation contract with PEMEX for COSL3 module rig
On the 7th of April, China Oilfield Services Limited renewed its cooperation contract for COSL3 module rig with Petróleos Mexicanos (PEMEX) for an operation period of 32 months at higher contract day rates. The COSL3 module rigs will commence operation by the end of May, the company said in its press release.
Since November 2013, COSL has successfully renewed contracts for its first batch of module rigs (COSL1, COSL2, COSL3 and COSL4) in the Gulf of Mexico at higher contract day rates. In recent years, COSL's module rigs there set new records and won praises from the clients. This has laid the foundations for the Group's brand building and further expansion in the Mexican market. The fifth new module rig had been towed to Gulf of Mexico for installation and examination, which is expected to contribute to Group's steady growth in its financial results for 2014.
