Sinopec Oilfield Service Corp - Company Profile
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Sinopec Oilfield Service Corp (SOSC), a subsidiary of China Petroleum & Chemical Corp, is an oil field service company. Operational expertise, business performance of drilling engineering segment, and geographical presence strengthened its operations, even as dependence on a single customer is a cause of concern. Whereas, an increase in demand for oil globally, technological advancement and digitalization, and increasing upstream investments could provide new growth opportunities for the company. However, cost overruns, fluctuating oil prices, and intense competition could affect its operations.
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