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China Oilfield lands $100 mln Libyan rig deal

Sat Dec 22, 2007 11:34pm EST

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HONG KONG, Dec 23 (Reuters) - China Oilfield Services Ltd. (2883.HK) (601808.SS) has clinched a deal worth around $100 million after tax to supply drilling rigs to a Libyan company as part of a push into the Middle East and Africa.

The firm, the equipment arm of China's dominant offshore oil producer CNOOC Group, said in a statement received by Reuters on Sunday that it would deliver the rigs from March but did not identify its Libyan partner.

It was the first overseas onshore drilling deal for China Oilfield, which raised $900 million in a Shanghai initial public offering in September. (Reporting by Dominic Whiting, editing by Louise Heavens) (Reuters Messaging: dominic.whiting.reuters.com@reuters.net; +852 2843 6901)


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