HONG KONG (AFX-ASIA) – China Oilfield Services Ltd (2883.HK) president and COO Yuan GuangYu said the company is spending 745 million yuan to acquire 7 standby vessels and one or two 10-year old second-hand drilling vessels. (US$1=8.28 yuan). The company expects to incur capital expenditure of 506 million yuan in its drilling services this year,…
CHINA: COSL 2003 to spend 745 million yuan to buy 7 standby vessels, 1-2 drilling vessels
Posted on April 10, 2003 by EnergyAsia