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.
- SCAN Kicks Off 3D Seismic Operations in South America (Jun 18)
- Gold Oil Concludes 2D Seismic on Peruvian Offshore Block Z34 (May 22)
- Gold Oil Taps SCAN for Seismic Acquisition Offshore Peru (Apr 20)