China's service company bags US$98 million job in Indonesia
Tuesday, April 12 2005 - 12:07 AM WIB
China Oilfield Services Limited the leading integrated oilfield services provider in the offshore PRC market, announced Monday that it had signed a new integrated well workover services contract with Indonesia CNOOC SES LTD through its agent, PT. Sameh Eca.
Under this contract, COSL will provide its service for the oilfields in South East Sumatra. The total contract amount is about USD 98.36million, which is the largest contract for COSL?s overseas well services business.
Under the contract, COSL will provide 4 sets of Barge Workover Rigas well as its Integrated Project Management service including Workover, Fishing, Logging, Testing, Tubing-conveyed Perforation (TCP), Slickline, Cementing, Stimulation services which includes: Hydraulic Fracturing, Frac-Pack, Sand Control, Coiled Tubing / Nitrogen Services and Acid Pumping.
The contract was obtained through tender. The five-year contract will be effective from4 May, 2005.(alex)