Q3 2019 China Oilfield Services Ltd Earnings Call (Chinese, English) Transcript

Oct 30, 2019 / 10:00AM GMT
Operator

Ladies and gentlemen, good afternoon. First of all, thanks for joining the 2019 third-quarter results conference call of China Oilfield Services Limited. Now please allow me to introduce the management representatives to you -- Mr. Zheng Yonggang, Chief Financial Officer.

At today's presentation Mr. Zheng will walk you through the financial figures and operational review for the first three quarters. After that we will open the floor for questions. Now let me pass the time to Mr. Zheng.

Yonggang Zheng - China Oilfield Services Ltd. - CFO

Ladies and gentlemen, good afternoon. I'm Simon and [therefore] COSL. Welcome to the 2019 third-quarter results conference call of COSL. COSL has just released the 2019 sub-quarter results. Firstly, I would like to give you the brief introduction of COSL's sub-quarter results 2019.

In the first three quarters of 2019 the global oil prices continued to fluctuate, and the CapEx of the upstream exploration and development around the world maintained a growth momentum, and the exploration and development activity

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