Trade China Oilfield Services Limited - 2883 CFD

About China Oilfield Services Limited

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.

Financial summary

BRIEF: For the six months ended 30 June 2021, ChinaOilfield Services Limited revenues decreased 12% toRMB12.72B. Net income decreased 53% to RMB801.5M. Revenuesreflect Drilling services segment decrease of 30% toRMB4.35B, Well Services segment decrease of 1% to RMB6.02B,Others segment decrease of 44% to RMB2.25B. Net income alsoreflects Drilling services segment income decrease of 98%to RMB20.3M.