摘要
China Oilfield Services Ltd (COSL), a drilling service unit under CNOOC, posted a forecastbeating 38.6 percent rise in first-half profit of 2004 as a tax rebate offset higher costs. The drilling service unit said in late August its rigs operated at full capacity in the first half as demand for drilling activity rose sharply. Its rigs operated for 2,300 days in the first half, an increase of 31 percent from a year earlier.
China Oilfield Services Ltd (COSL), a drilling service unit under CNOOC,posted a forecast-beating 38.6 percent rise in first-half profit of 2004 as a tax rebate offsethigher costs. The drilling service unit said in late August its rigs operated at full capacity inthe first half as demand for drilling activity rose sharply. Its rigs operated for 2,300 days in thefirst half, an increase of 31 percent from a year earlier.
