China Offshore oil service expands overseas to repatriate some overseas drilling vessels

-Our correspondent Sun Zhongyuan has never concealed his ambition to expand overseas, one of the company's four core strategies is internationalization, to Southeast Asia, the Middle East, West Africa, including the Gulf of Mexico expansion, but in this year's situation, the Chinese Sea oil service overseas pace has been restrained, for overseas platforms without contract embarrassing situation,　　China Sea oil service is to the domestic contraction. At yesterday's shareholder meeting, CNOOC service CFO at COSL said that in the face of shrinking global demand, to ensure the company's equipment usage, the company is moving some of its drilling vessels from the Norwegian drilling services company last year to China, "before the merger, we also predicted a 4-5-ship gap in China's offshore, half a half of the way, Even if we do not merge, other companies will come to occupy. Now the market is not good, the possibility of distributing equipment abroad is not very likely, only a small number of business in the Middle East, future development will focus on oil and gas technology. "Specific to overseas business 2009 years of contribution, CNOOC, President Li Yong Frank," 2009 for the CNOOC, expanding overseas markets are facing greater challenges, because of oil prices in the international market for the oil field Service demand decline quickly, according to the ODS data show, The global self-lift drilling rig 68 is currently in a state of no contract, and last year at the same time in a ship difficult to find, this change can be seen is very large. Through continuous efforts, all the large equipment is now in the implementation of the contract status, the company will be in accordance with market conditions to allocate the most reasonable resources, improve the company's profitability to return our shareholders. "After the meeting, a representative of private equity said he was satisfied with the company's answer," I think China should have a large oil Field Service company, the United States has 7, 8, Norway has a few, and China is only CNOOC clothing. If the current level of oil prices for a long period of time, the interest rate changes are not small, the Chinese sea oil service still has investment value. ”