What COSL Drilling Pan Pacific Ltd does

COSL Drilling Pan Pacific Ltd (CDPL), legal name COSL Drilling Pan-Pacific Limited, is a Singapore-incorporated offshore drilling contractor established in 2008 as a wholly-owned subsidiary of COSL (China Oilfield Services Limited, 中海油田服务股份有限公司), itself part of the state-owned CNOOC group. CDPL operates from its regional headquarters at 3 Benoi Road, Singapore, with its own warehouse and yard supporting offshore operations across Malaysia, Indonesia, Thailand, Qatar, and Oman. The company manages a fleet of three high-specification Jack Up drilling rigs: COSLBOSS, COSLSEEKER, and COSLPOWER. As of the data snapshot, CDPL employs 457 staff.

CDPL's core service is providing offshore drilling rigs on contract to international and national oil companies (IOCs and NOCs) operating exploration and production assets in the Pan-Pacific region. Its customer base includes PETRONAS, PERTAMINA, BP BERAU, CNOOC SES, Husky-CNOOC Madura, Anadarko Indonesia, Medco, PTTEP, MOGE, PetroChina International, Daewoo, Woodside, BHP, Santos, and CNPC. CDPL operates within COSL's broader Drilling Division and gains access to parent-level proprietary technology, including the Haijing, Haimai, Xuanji, Xuanyue, and Haihong equipment families for geophysical exploration, logging, mud, directional drilling, cementing, and workover, as well as an extensive proprietary cementing chemistry portfolio (PC-HealCEM, PC-GasSeal, PC-HTCEM, PC-LoCEM, and others) and environment-friendly drilling fluids (BIODRILL series).

CDPL's business model is contract-based offshore drilling services, sold through direct enterprise sales engagements with oil and gas operators. Revenue is generated under day-rate contracts for rig usage, typically on multi-well or multi-month terms. Services are delivered through CDPL's Singapore base and via COSL's wider network of regional offices (China, Dubai/Middle East, Perth/Australia, Stavanger/Norway, Yangon/Myanmar, Jakarta/Indonesia, Kampala/Uganda, Moscow/Russia). QHSE compliance is anchored at the parent level through DNV-certified ISO 9001, ISO 14001, OHSAS 18001, and ISM certifications, supporting vendor prequalification with major operators. No standalone CDPL revenue is publicly disclosed; group-level COSL reported 2025 revenue of approximately RMB 50.28 billion (approximately USD 7 billion) with 4.1% year-on-year growth.

Name

COSL Drilling Pan Pacific Ltd

Legal name

COSL Drilling Pan-Pacific Limited

Website

https://cosl.com.sg

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

COSL Drilling Pan Pacific Ltd (CDPL) is a Singapore-based offshore drilling contractor and wholly-owned subsidiary of COSL that operates three high-specification Jack Up rigs (COSLBOSS, COSLSEEKER, COSLPOWER) for international and national oil and gas companies across Malaysia, Indonesia, Thailand, Qatar, and Oman.

Ownership category

akta.pro rank

Product category

Offshore Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Support Activities for Oil and Gas Operations (213112)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI)

Keywords

• Offshore drilling services
• Jack-up drilling rigs
• Oilfield services
• Offshore exploration drilling
• Marine drilling operations

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Offshore Drilling Services: CDPL provides offshore drilling services using its fleet of three high-spec Jack Up rigs. Revenue is generated through drilling contracts with oil and gas companies for exploration and production operations in the Pan-Pacific Region.
2. Integrated Oilfield Services: COSL as a parent company provides comprehensive oilfield services including drilling, well services, geophysical services, and marine support across the entire oil and gas exploration, development, and production lifecycle.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

COSL Drilling Pan Pacific Ltd (CDPL) is a Singapore-based offshore drilling contractor that operates three high-specification Jack Up drilling rigs (COSLBOSS, COSLSEEKER, COSLPOWER) to provide offshore drilling services for oil and gas exploration and production operations across the Pan-Pacific region, including Malaysia, Indonesia, Thailand, Qatar, and Oman. The company delivers these services through direct enterprise contracts with international and national oil companies, supported by its own warehouse and yard facilities at the COSL Singapore Base.

Product overview

COSL Drilling Pan Pacific Ltd is a Singapore-based offshore drilling services company and part of COSL Drilling Division, managing three high-spec Jack Up rigs (COSLBOSS, COSLSEEKER, and COSLPOWER). The company operates as part of COSL's broader integrated oilfield services portfolio, which includes drilling services, well services, geophysical and surveying services, marine support vessels, and specialized services like directional drilling, cementing, logging, and production optimization. COSL provides both single-service operations and integrated turnkey project delivery across Asia-Pacific, Middle East, Europe, Africa, and Americas regions.

Differentiator

Problem solved

Functional benefit

Products and services

• COSLBOSS Jack Up Drilling Rig High-specification Jack Up drilling rig operated by COSL Drilling Pan-Pacific Limited for offshore drilling operations supporting oil and gas exploration and production in the Pan-Pacific region.
• COSLSEEKER Jack Up Drilling Rig High-specification Jack Up drilling rig operated by COSL Drilling Pan-Pacific Limited for offshore drilling operations supporting oil and gas exploration and production in the Pan-Pacific region.
• COSLPOWER Jack Up Drilling Rig High-specification Jack Up drilling rig operated by COSL Drilling Pan-Pacific Limited for offshore drilling operations supporting oil and gas exploration and production in the Pan-Pacific region.
• Offshore Drilling Services Comprehensive offshore drilling services delivered using a fleet of three high-spec Jack Up rigs (COSLBOSS, COSLSEEKER, COSLPOWER) for oil and gas exploration and production operations across Malaysia, Indonesia, Thailand, Qatar, Oman, and other Pan-Pacific countries. Services target international and national oil companies requiring reliable offshore drilling capabilities.

Quantifiable outcome

• Revenue of 502.8 billion RMB in 2025 with 4.1% year-on-year growth
• +3 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• COSL (Parent Company)coreStrategic or Co-development Partner · 1 January 2008COSL Drilling Pan-Pacific Limited (CDPL) is an overseas subsidiary of COSL established in 2008 as part of COSL Drilling Division. CDPL operates under COSL's corporate governance and strategic direction, utilizing COSL's global resources and brand for offshore drilling operations in the Pan-Pacific Region.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Noble Corporation plc: Offshore drilling contractor with a diversified fleet including Jack Up and deepwater rigs. Directly comparable to CDPL's high-spec Jack Up fleet serving IOC customers in international markets.
• Borr Drilling Limited: Pure-play Jack Up drilling contractor with a modern premium fleet focused on international and shallow-water tenders. Highly comparable to CDPL's three-rig Jack Up model and target customer base.
• Transocean Ltd. World's largest offshore drilling contractor with a fleet of ultra-deepwater and harsh-environment rigs. Directly comparable to CDPL as a publicly traded offshore drilling services provider contracting with the same IOC/NOC customer base across global regions.
• ADES International Holding: Middle East and North Africa-focused offshore and onshore drilling contractor with a Jack Up-heavy fleet. Comparable to CDPL's regional operating model targeting NOC and IOC tenders in MENA and SE Asia.
• Shelf Drilling, Ltd. Largest contractor of Jack Up rigs in the Middle East and SE Asia with a fleet of premium and cantilever units. Directly comparable to CDPL's geographic focus on Qatar, Oman, Thailand, and Malaysia.
• Valaris Limited: Major offshore drilling contractor operating both floaters and Jack Up rigs globally. Comparable to CDPL in providing high-spec drilling rigs and integrated services to international oil companies in Asia-Pacific and Middle East markets.
• Seadrill Limited: Global offshore drilling contractor with both floaters and Jack Ups, serving IOC and NOC clients across multiple regions. Comparable to CDPL's offshore drilling services offering and contract structure.
• ARO Drilling Company: Saudi Aramco-affiliated Jack Up drilling joint venture operating premium rigs in the Middle East. Directly comparable to CDPL as a high-spec Jack Up operator in the regional market with strong NOC backing.
• Diamond Offshore Drilling, Inc. Offshore drilling contractor operating a fleet of deepwater and mid-water floaters. Comparable to CDPL as a publicly traded peer in the global offshore drilling services market serving major oil companies.

Broad incumbents

• Saipem S.p.A. Larger integrated offshore EPCI and drilling services company with broader portfolio including subsea, drilling, and engineering. Comparable to COSL/CDPL as a diversified offshore services incumbent serving international oil majors and NOCs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cosl-drilling-pan-pacific-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about COSL Drilling Pan Pacific Ltd