Reuters reported that China Oilfield Services Ltd, the leading provider of oilfield services in the offshore China market expects capital expenditure in 2011 to reach HKD 5.38 billion.

The oil services firm also listed in Shanghai said recently that 90% of the operation contracts of the heavy equipment for the firm had been secured. It said "The Company expects the volume of work in 2011 will grow steadily."

(Sourced from Reuters)