Sinopec Oilfield Service Corporation (the “Company”) has always dedicated to
implement its internationalization strategy and expand the international market
actively.

Recently, Sinopec International Petroleum Services Corporation Kuwait Branch，a wholly-owned subsidiary of the Company entered into a contract on 2 deep well workover rig and a contract on mud logging project for five years (the “Contracts”) with Kuwait Oil Company (KOC). Each of the Contracts has a value of US$ 60 million and US$ 25 million, respectively.

Sinopec International Petroleum Services Nigeria Ltd. entered into an offshore drilling platform project contract with Shell Petroleum Development Company of Nigeria Limited, which has a value of US$ 90 million.

The aggregate value of the above 3 contracts are US$175 million (equivalent to
approximately RMB1,155 million), accounting for 2.69 per cent of the Company’s
operating revenue of 2016 prepared in accordance with PRC ASBE.

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Source: Press Release