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Outstanding Governance System Drives Service Upgrade, COSL is Steadily Moving Towards High-quality Development
Time:2019-12-10 Size:[ Large Medium Small ]

The 19th China Business Top 100 Listed Companies Summit was held in Shanghai recently. China Oilfield Services Limited (COSL) was presented with the “China Star Enterprise Award” in recognition of its remarkable performance and innovative capability in development. The award, with total profit as the primary evaluation indicator, was bestowed on the listed companies with the most growth potential in 2019, aiming to recognise their development progress and profitability and encourage them to strive for brilliance, eminence and excellence. 

Adapted to the changes in market environment, COSL has achieved consistent upgrade for its services through technological application, which has resulted in a significant increase in its profitability and substantial growth in total profit for the first three quarters of 2019 compared to the same period of last year. Responded to the increased need of exploration and development activities in domestic positively, COSL has fully allocated its global equipment resources, while launching its proprietary technologies for production in a faster pace and announcing 15 new technologies focusing on increasing reserves and boosting production recently. At the meantime, COSL is making proactive effort in optimising its organisational structure, striving to establish a modern governance system to pave the way for sustainable development and further modernisation of its governance mechanism.