CHINA OILFIELD (02883) has announced that issuer COSL Singapore Capital Ltd., an indirect wholly-owned subsidiary of the company, proposes an international offering of notes to professional investors outside the United States in offshore transactions under Regulation S of the Securities Act. The notes are expected to be unconditionally and irrevocably guaranteed by the company. The notes will not be offered to the public in Hong Kong. The completion of the proposed issuance is subject to market conditions and investor interest. As of the date of this announcement, the terms of the notes, including the total principal amount, issue price, distribution rate, and maturity date, have not yet been determined.