August 08, 2018

China Oilfield Services Limited (COSL) announced that it has acquired a drilling contract from an Italian oil company ENI in respect of its semi-submersible rig HYSY 982. Both parties have signed this contract officially. This is the first time for the Company to provide drilling services to ENI.
The operation will be conducted at South China Sea with exploration services provided by HYSY 982. It is expected to commence at the first quarter of 2019.
ENI is an oil and natural gas company controlled by Italian government as well as one of the largest multinational oil companies in the world. The successful stepping into the contract is of significant influence to enhance the Company’s brand image and facilitate the cooperation between the Company and ENI across the globe.
COSL HYSY 982 is a deepwater semi-submersible capable to drill in water depths up to 5,000 ft. The newbuild unit was launched in May 2017 in China at Dalian no 1 yard with effective delivery in 2018.
Eni has been operating in China since 1984 and activities are mainly concentrated in the offshore of the South China Sea for a total area of 7,141 square kilometers.
In 2017, Eni’s average production of hydrocarbons amounted to 2 thousand barrels / day of hydrocarbons, and 2 thousand barrels per day of oil and condensates. (Source and image: COSL)