China Oilfield Services Limited Annual Results 2010 20103 March 2011
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…
1 Results Review 2 Business Outlook 3
Results Highlights Adapt to changes in the market and clarify the development direction Stable safety control OSHA score remained at 0.20, a record low level Operating results maintained steady growth Revenue reached RMB17.56…
Drilling Calendar-day Utilization Rate and Day Rate Operate 29 drilling rigs, 4 module rigs, 6 land rigs and 2 USD 0,000/Day accommodation rigs Day rate Calendar-day utilization rate Utilization rates remained high 12…
Well Services No. of Patents Obtained Work volumes were enhanced Unit: Item As at Dec 2010 Expanded into new markets 300 269 Newly launched Environmental Protection Services 250 experienced gradual increases in efficiency 200…
MS&T Owns 75 working vessels, 3 oil tankers and 5 chemical carriers No. of Vessels Calendar-day utilization rate Calendar-day utilization rate: 94.7% 100 100% Deployed external resources to maintain market 80 share 95%…
Geophysical Operated 7 seismic vessels, 4 survey vessels, and 1 OBC, 3D Geophysical totaling 31 streamers km2 3D data collection volume enhanced 16,000 25.1% COSL718 was awarded a 5000 km2 3D data collection 12,000 0.4%…
Integration Entered into a New Phase Secured service contracts for the 8 jack-ups Construction of 3 semi-submersible rigs achieved solid progress Pioneer: delivered on 26 Oct 2010, was awarded a contract by Statoil for up to 5 years.…
Fulfilling Social Responsibilities Continued to improve QHSE and SMS systems and completed the 5-year DOC review and DNV annual audits Safety production remained stable Further intensified safety checks Hosted many emergency drills…
1 Results Review 2 Business Outlook 12
Global Macro Economy and International Oil Price Global economy started an uneven recovery International oil prices continue to increase 150 GDP Avg price in 2011: 2009 2010 2011E 2012E growth 120 USD90-100/barrel Global -0.6%…
CAPEX of Major Clients US billion 25 20 15 10 5 0 2010E 2011E Source: Barclays Capital According to Barclays Capital, the total expenditure on global oil and gas exploration in 2011 will be US489.5 billion, up…
Scale of Global Oilfield Services Market Rebounds Unit: US billion 300 Global Oilfield Services Market Scale Growth Rate 40% 250 200 20% 150 100 0% 50 0 -20% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010E Source:…
Slow Recovery of Global Drilling Market Utilization Rate of Drilling rigs Rigs Price Index and Oil Prices Total No. of Rigs Under Under Utilization Rate (Left Axis) Contract Operation (Right Axis) (Left Axis) (Left Axis) Day Rate…
Well-defined Development Blueprint Structural adjustment; Be competitive & professional; Focus on quality growth Technology-driven Cost Leadership Integration Internationalization Reinforce advantages, gradually shift focus to…
Equipment Portfolio Optimization Operation Depth (ft) 250 ft 300 ft 375 ft 400 ft 1500 ft 2500 ft 10,000 ft 11 rigs 6 rigs 5 rigs 5 rigs 3 rigs 3 rigs 1 rig 250 300 375 400 1 1500 Realize phased equipment structure…
CAPEX and new equipment CAPEX breakdown since listing 2011 Regular waters Deep-water Two 200-feet drilling rigs(921 COSLPioneer to & 922 ) to commerce operation commence operation COSLInnovator to be Drilling Two 200-feet drilling…
Deep-water Operations At the moment, three deep water natural Liuhua29-1 gas fields had been verified in China waters, including Liwan3-1, Liuhua 34-2 and Liuhua 29-1 CNOOC plans to explore 2 to 3 deep- water wells in 2011…
New Business, New Expansion, New Growth Drivers Output enhancement met new requirements for extraction of thickened oil in China waters, providing huge potential for COSL well services Respond to clients demand and apply certain…
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