Report
EUR 184.78 For Business Accounts Only

China Oilfield Services Limited: China Oilfield Services Limited will benefit from CNOOC Limited’s increase in 2020 capital spending

CNOOC Limited's increase in capital spending will support China Oilfield Services Limited captive orders and earnings.
Underlying
China Oilfield Services (A)

China Oilfield Services Limited is a comprehensive oilfield service provider. The Company mainly operates through four business segments. The Drilling Services segment is mainly engaged in the provision of oilfield drilling services. The Oil Field Technical Services segment is mainly engaged in the provision of oilfield technical services, including the logging, drilling fluids and directional drilling services. The Geophysical and Engineering Exploration Services segment is mainly engaged in the provision of seismic prospecting and engineering exploration services. The Marine Support Services segment is engaged in the transportation of supplies, including the delivery of crude oil, as well as refined oil and gas products. The Company mainly operates its businesses in domestic and overseas markets.

Provider
Moody's Investors Service
Moody's Investors Service

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