China Oilfield Services Order 15 Offshore Vessels

China Oilfield Services Limited (COSL) has signed agreements with 5 different shipbuilders for the construction of 15 vessels of various types to serve China's offshore industry.

The vessels, due for delivery between January and August 2015, include: one output enhancement vessel, four 6,000HP platform supply vessels (“PSVs”), two 9,000HP PSVs, two 8,000HP anchor handling tug supply vessels (“AHTS vessels”), four 12,000HP AHTS vessels and two 15,000HP AHTS vessels.

COSL say that these orders represent a major step towards their goal of providing facilities in deepwater operations, in order to meet China's demand for offshore oil and gas exploration and development.