PPL delivers jackup COSL Confidence

Singapore: PPL Shipyard in Singapore delivered jackup COSL Confidence to China Oilfield Services Ltd. (COSL) (HKSE: 2883, SSE:601808 on Feb. 11, 2009.

COSL Confidence is able to operate in water depths of up to 375 feet (114 m) and perform drilling operations to a total depth of 30,000 feet (9,144 m). After the delivery, COSL Confidence will be towed to Bohai Bay off the coast of China for operation. The rig was delivered three months ahead of the original schedule of May 2009. Upon the commencement of operation of the new rig, COSL will see its offshore drilling rig fleet in operation expanded to 23 units.

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