China Oilfield Services Limited (SEHK:2883) enter into the assets and personnel transfer contract to acquire seismic data processing business from CNOOC Ener Tech - Drilling & Production Co. Data Processing Co. for CNY 63.6 million on January 29, 2018. Under the transaction, China Oilfield Services Limited agrees to purchase assets, credits and debts, and receive the personnel related to seismic data processing business. The transfer contract will take effect when the contract is signed by legal representative or authorized person of both parties. The transaction has been approved by the Board of China Oilfield Services Limited. The transaction is expected to be completed by January 31, 2018.