The board of directors of the China Oilfield Services Ltd. estimates that the capital expenditure for 2014 will be between RMB 7,000,000,000 and RMB 8,000,000,000 (equivalent to approximately HKD 8,890,000,000 and HKD 10,160,000,000). The capital expenditure will primarily be used in the construction and purchase of the 5,000 feet semi-submersible drilling rig COSLProspector, two 400 feet jack-up rigs, two 300 feet jack-up rigs, one 5,000 feet semi-submersible drilling rig, 15 oilfield utility vessels, one integrated surveying vessel, one 12-streamer seismic vessel, two deep water integrated surveying vessels and two 6,000 horsepower deep water platform supply vessels.