Potential offtaker

China Oilfield Services Limited

www.cosl.com.cn

Estimated electricity consumption

N/A

Countries of production presence

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China Oilfield Services Limited (COSL) is a leading provider of integrated offshore oilfield services in China. The company is headquartered in Beijing and has operations in China and other countries around the world. COSL is primarily engaged in the exploration, development, and production of oil and gas resources, as well as offering drilling and drilling support services.

COSL is committed to decarbonisation and sustainable development. The company recognizes the importance of reducing greenhouse gas emissions and addressing climate change. As a result, COSL has implemented a number of initiatives to reduce its carbon footprint and promote renewable energy.

One of COSL's key initiatives is its corporate energy management program. The program is designed to improve energy efficiency, reduce energy consumption, and lower greenhouse gas emissions. COSL has set ambitious targets for reducing its energy consumption and emissions, and is working to achieve these targets through a range of measures, including the use of energy-efficient technologies, process improvements, and employee engagement.

COSL is also actively pursuing corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, which allows the company to purchase renewable energy at a fixed price. By entering into these agreements, COSL is able to reduce its reliance on fossil fuels and support the development of renewable energy projects.

In addition to its corporate energy initiatives, COSL is also involved in the development of renewable energy projects. The company has invested in wind and solar power projects in China, and is exploring opportunities to expand its renewable energy portfolio.

COSL's drilling and drilling support services are also aligned with its commitment to decarbonisation and sustainable development. The company offers a range of services that help to reduce the environmental impact of offshore drilling, including well cementing, drilling waste management, and environmental monitoring. COSL also uses advanced technologies and equipment to improve drilling efficiency and reduce energy consumption.

Overall, COSL is a leading player in the offshore oilfield services industry in China, and is committed to decarbonisation and sustainable development. The company's corporate energy management program, corporate PPAs, and renewable energy investments demonstrate its commitment to reducing its carbon footprint and promoting renewable energy. COSL's drilling and drilling support services are also aligned with its sustainability goals, and the company is working to reduce the environmental impact of offshore drilling.

✓ Declared Net Zero commitment