Company Profitability and Market Share slide image

Company Profitability and Market Share

140,000 120,000 100,000 80,000 60,000 40,000 20,000 www.cosl.com.cn COSL Bright Future for Oil and Gas Exploration Continuing Increase in World Investments in Marine Oil and Gas World investments in marine oil&gas exploration and operations are expected to increase to US$144b per annum on average in next 10 years. 0 2002 2003 2004 2005 2006 2007E 2008E 2009E 2010E ■ САРЕХ Source: Energyfiles Ltd. ■ ОРЕХ Average investments in deep water operations will exceed US$15B per annum. Deep waters and ultra deep waters will continue to be hot exploration spots for world oil and gas. Investments will grow faster in West Africa, Brazil, Gulf of Mexico and Asia Pacific regions. Investments in Marine oil and gas in Asia Pacific in 2008 will increase 65% from the levels in 2002. • Exploration activities are seen to kick off in emerging marine regions including Southeast Asia. Source: Oil.IN-EN.com 16
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