New CEO/ President

Written Thursday 27. May 2010 by Karina Veld

The Board of Directors of COSL Drilling Europe AS has today announced that Mr. Jørgen Arnesen will be the new CEO/President of CDE starting from 26 May 2010.

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Audit at the yard

Written Friday 19. March 2010 by Karina Veld

Audit of COSL's engineering and construction of drilling facilities in China 19.03.2010

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Acting CEO

Written Tuesday 19. May 2009 by Karina Veld

Mr Qi Meisheng appointed temporarily as acting CEO

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Compulsory acquisition of shares

Written Thursday 16. October 2008 by Karina Veld

COSL Norwegian AS (COSL Norwegian) has, effective from close of trading on Oslo Stock Exchange on 15 October 2008, resolved to carry out a compulsory acquisition of all shares in Awilco Offshore ASA (AWO) owned by shareholders other than COSL Norwegian. COSL Norwegian has, as a consequence of this, assumed ownership of all shares in AWO. The offered redemption price is NOK 85 per share, which equals the NOK 85 offered under the voluntary offer.

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2 Quarter 2008

Written Friday 22. August 2008 by Karina Veld

Company update: In July China Oilfield Services Limited (COSL) launched a recommended voluntary cash tender offer at NOK 85 per share for 100% of the shares of AWO. On 15 August the acceptance period for the offer expired and COSL reached an acceptance level of 98.8 % of the total number of shares. COSL expects the transaction to be completed by late September/ early October.

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Board Statement and Mandatory Notification of Trade

Written Wednesday 13. August 2008 by Karina Veld

The acceptance period under the voluntary offer from COSL Norwegian AS (“COSL”), a subsidiary of China Offshore Services Limited, expires on Friday 15 August. The board of directors of Awilco Offshore still believes that the offer from COSL represents a fair value for the shareholders, and maintains its recommendation that the shareholders accept the offer.

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