China Oilfield Services Limited Interim Results 2010 2010 August 2010
Disclaimer The information contained in this presentation material is for your reference only. In addition, these information include predictive and forward-looking representations, which reflect the Companys current views regarding…
Four Business Segments 27 drilling rigs1+4 module rigs Logging trips, drilling fluid, directional drilling, cementing, well +6 land rigs+ 2 accom-rigs completion, well workover, well productivity boost etc. 78 Working Vessels 7…
Performance of Four Segments Revenue contribution Profit contribution 25% 18% 53% 64% 13% 14% 8% 6% RMB million RMB million 10,000 3,000 159 36.2% 738 8,000 9.1% 351 676 1,193 20.3% 881 2,000 496 6,000 35.3% 49.5%…
IPM & New Capacity Integrated Project Management RMB million 700 663 Identify cross-selling opportunities 600 Exploit synergies among the four segments 500 481 Consistently strengthen IPM operations 400 300 Growing IPM…
Domestic and Overseas Markets Geographical distribution Regional Contribution Norway Australia Norway China Middle East Mexico Gulf Vietnam 75% 25% Indonesia Indonesia Overseas Others Business Australia Areas Domestic…
Implementing R&D Licensed a total of 211 patents , 30% up y.o.y On the basis of self-initiated innovations, explore the use of M&A, JVs, cooperative research, etc Many research projects achieved breakthroughs, and the results of…
Integrating businesses of the merger entities Succeeded in tapping into new markets and started AOC Certificate awarded by PSA working under operation contracts Significantly lowered operating costs after CDPL took over 8 jack-up rigs…
Social Responsibilities & Awards Fulfilling social responsibilities List of Awards and Achievements 2002-2009 (selected) Higher standards of low-carbon environmental protection efforts: Received Asias Top Ten Corporate Governance…
Sound QHSE Performance OSHA track record remained at low levels QHSE achievements 0.6 OSHA1 0.45 0.4 Key business units completed DNV annual audits, 0.32 ensuring operational safety and stability. 0.29 0.29 0.27 0.25 0.26…
1 1 Results Review 2 Business outlook 13
The Recovering Global Economy The Global economy is recovering slowly International oil prices remain volatile US/ Barrel 13.0% 160 13% 11.6% 140 10.4% 10.5% 120 9.6% 10% 9.0% 9.1% 100 US90/barrel 80 7% 60 4.9% 5.1% 5.0% 4.6%…
Co-existence of Opportunities and Challenges Rig Utilization rate rebounded slightly Service prices remained at low levels Total no. of rigs Under Contract In operation Utilization rate WTI price WTI()US/barrel (Left Axis) (Left…
Development Potential in Offshore China Production growth targets at a CAGR of 6%-10% Production Target of CNOOC in the coming 5 years Million BOE 350 300 As of 2010, CNOOC has 51 projects with proven 254 reserves and still…
Production Capacity Delivery Plan Drilling COSL Promoter* Well Services Well services tools Drilling Two 200-feet drilling rigs + COSL Innovator* Well Services Well services tools MS&T Two ATHS Deep water working…
Business Outlook and Strategic Measures Consolidate domestic market Drilling Still face severe competition Actively pursue internationalization and pressure Integrate resources, while enhancing service quality services…
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Appendix Brief Introduction 20
Company Overview The only integrated oilfield services company in Asia-Pacific (Parent company CNOOC holds a 53.6% stake, 12.2% are A shares and Positioning 34.2% are H shares) A leading oilfield services provider in the offshore…
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