According to the report from Morgan Stanley released by Jrj.com.cn, giving a 'shareholding' rating to China Oilfield, with a target price set at 11.5 Hong Kong dollars. The company's net profit in the third quarter of this year was 0.852 billion yuan, down 9% year-on-year and 11% quarter-on-quarter, falling short of market expectations, mainly due to a 0.2 billion yuan forex loss and low utilization rate of semi-submersible drilling platforms.

The report mentioned that the utilization rate of semi-submersible drilling platforms in China Oilfield Services dropped to 50% in the third quarter, lower than 75% in the second quarter. The company's management explained that this was mainly due to the impact of typhoons and the low utilization rate of the 'Xingwang' semi-submersible drilling platform. The management of China Oilfield Services indicated that the two self-elevating drilling platforms that were previously suspended are still seeking new contracts. One of them is participating in bidding in Southeast Asia, expecting to receive bidding results by the end of the year; as for the other, it is also actively involved in the tendering process and is expected to receive results by the end of the year.