SCAN Geophysical: Revenues Back on Track in Q1 2008

SCAN Geophysical reported revenues of NOK117 million in the first quarter of 2008. The improved cash situation is a result of flexible payment schedules for seismic equipment, said the company.

An EBITDA of NOK5 million in the first quarter was affected by NOK9.1 million in costs for M/V SCAN Stigandi, which is not yet in production.

The company has received new seismic contracts for M/V Geo Searcher and the new vessel M/V SCAN Stigandi during the first quarter.

New delivery dates for newbuilds are scheduled for October 2008, April 2009 and May 2009.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Tempe, AZ
SXL- Manager, Business Development
Expertise: Business Development
Location: Newtown Square, PA
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours