Company Profile For China Oilfield Services Limited

China Oilfield Services Limited (COSL) is a solution provider of integrated oilfield services in China. COSL provides four categories of services: drilling services, including rig, module rig and rig management services; well services, including logging, drilling fluids, directional drilling, cementing and liftboat services; marine support and transportation services, offering transportation services of materials, supplies and personnel, and geophysical services, providing the services of seismic and construction survey and seismic data processing. COSL's services cover each phase of oil and gas exploration, development and production. As of December 31, 2008, COSL operated 23 drilling rigs ( of which 20 are jack-up rigs and three are semi-submersibles) , two platform supply vessels, four module rigs and five onshore rigs. The Company also possesses and manages more than 70 supply vessels, four oil tankers, five chemical carriers, eight seismic vessels and four surveying vessels.

BRIEF: For the nine months ended 30 September 2009, China Oilfield Services Limited's revenues increased 65% to RMB13.53B. The Company's net income for the period rose 2% to RMB2.81B. Revenues reflect largely increased sales volume due to higher productivity and effective business strategy. Net income was partially offset by largely increased impairment loss and the presence of investment loss, as well as higher non-operating expenses.