MEMBER NEWS: New Aberdeen offices positions COSL Drilling Europe for future growth

August 31, 2023
MEMBER NEWS: New Aberdeen offices positions COSL Drilling Europe for future growth

COSL, a global integrated oilfield services company providing drilling, geophysical, marine and decommissioning services, has opened a new regional office in Aberdeen, Scotland, amid a period of growth for the company.

The investment consolidates COSL’s continued investment in the north east of Scotland to ensure it maintains a key role in the Energy market supporting operators. COSL Drilling Europe was established in 2005, and has its head office located in Stavanger, Norway. Today COSL operates three modern drilling units in the North Sea and plans to deploy additional rigs and services from 2024 onwards. With a solid owner with stable ratings in China Oilfield Services Limited, listed on the Hong Kong Stock Exchange, ambitions are to strengthen its foothold in the North Sea. COSL is setting a new standard in the North Sea with its energy efficiency and is positioned to provide low carbon solutions to the offshore market and future 0-emissions operations.

Located within the attractive IQ Building in the heart of Aberdeen, the new offices provide a modern, spacious environment to accommodate COSL’s growing team. With plans to recruit in the UK over the short to medium term, the 6,500 sq.ft office features state-of-the-art technology, infrastructure and facilities which will drive the business’ expansion while supporting the team to continue delivering effectively for clients, in the UK and Europe.

Donald MacLeod, COSL’s UK Operations Manager, says “We are thrilled to open our new modern office in the heart of Aberdeen City. The central location of the IQ Building provides excellent access for our customers and to the city’s extensive amenities, whilst the building accurately reflects our technological, collaborative and forward thinking culture. Feedback from our staff has been very positive both for the building and the location and we look forward to growing and supporting our UK customers from this befitting location.”

The office space was secured on behalf of COSL by FG Burnett, a leading commercial property consultancy in the region.

Graeme Nisbet, Director and Head of Agency at FG Burnett, said: “It was a pleasure acting on behalf of COSL from identification of the office space through to completion of the lease. COSL’s commitment to Grade A office space underpins the current trend by occupiers to secure first in class office accommodation. The IQ building is an example of an office building originally designed for single floor occupiers but with the flexibility to adapt to multi-tenancy occupation. The landlord at IQ had designs for single floor splits and following COSL’s brief, we managed to secure a ‘plug and play’ solution exactly to their needs. We continue to act for a number of similar occupier clients negotiating excellent terms on their behalf.”

(Photo courtesy of Kenny Elrick/DC Thomson)

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