Integra Group Announces 2009 Operating Performance and Order Book
OREANDA-NEWS. March 12, 2010. Integra Group (LSE:INTE), a leading FSU-based oilfield service provider and manufacturer of oilfield services equipment, announced its operating performance for full year 2009 and order book estimate for 2010.
2009 Operating performance update
In
Drilling, Workover, IPM Division
|
2009 |
2008 |
chg |
Number of active drilling rigs (end of period) |
13 |
25 |
-48% |
Total drilling volume (‘000 meters) |
177 |
354 |
-50% |
Number of wells drilled |
96 |
174 |
-45% |
|
|
|
|
Number of workover crews (avg. for the period) |
101 |
113 |
-10% |
Number of workovers performed |
3,763 |
3,549 |
6% |
Workover crew hours billed (‘000 crew hours) |
809 |
800 |
1% |
Technology Services Division
|
2009 |
2008 |
chg |
Number of cementing operations |
790 |
618 |
28% |
Number of coil tubing operations |
345 |
144 |
140% |
Number of wells completed with directional drilling service |
167 |
85 |
96% |
|
|
|
|
Downhole motors produced |
432 |
904 |
-52% |
Turbines produced |
47 |
64 |
-27% |
Formation Evaluation Division
|
2009 |
2008 |
chg |
Number of seismic crews |
31 |
42 |
-26% |
Seismic shot points made |
694,487 |
782,350 |
-11% |
Equipment Manufacturing Division
|
2009 |
2008 |
chg |
Rigs in production (end of period) |
13 |
23 |
-43% |
- of which drilling rig assembly units |
8 |
14 |
-43% |
Rigs commissioned to the Customer |
14 |
20 |
-30% |
- of which drilling rig assembly units |
6 |
6 |
0% |
Cementing complexes produced |
6 |
19 |
-68% |
The operating data in this release is based on management assessment and only includes selective metrics which can be distinctly quantified in non-monetary terms. This disclosure does not represent the full scope of operations as it does not include some services such as Integrated Project Management and other services and products which are too small or too diverse to be aggregated. Reported figures might be subject to adjustment during the preparation of Integra Group’s financial statements for 2009.
2010 Order book update
As of March 1, 2010, the Group had signed contracts in the amount of USD 528.9 million (RR 16.4 billion) in revenue for services and equipment to be delivered to customers during 2010. The total order book, which in addition to the signed contracts includes the value of business won in tenders but not yet contracted, is USD 691.2 million (RR 21.52 billion).
The Group is still in the active stage of contracting for 2010 which implies that current order book does not yet provide an accurate indication of revenues in 2010.
2010 Order book (as of March 1, 2010)
FX 31RR/USD |
Contracts signed* |
Tenders won, contracts not yet signed |
Total order book | |||
|
USD (m) |
RR (bn) |
USD (m) |
RR (bn) |
USD (m) |
RR (bn) |
Drilling, Workover, IPM |
233.3 |
7.23 |
106.6 |
3.40 |
339.9 |
10.63 |
Technology Services |
92.0 |
2.85 |
14.4 |
0.45 |
106.4 |
3.30 |
Formation Evaluation |
145.5 |
4.51 |
21.9 |
0.68 |
167.4 |
5.19 |
Equipment Manufacturing |
48.2 |
1.49 |
19.4 |
0.60 |
67.6 |
2.09 |
Other |
9.9 |
0.31 |
0.0 |
0.0 |
9.9 |
0.31 |
TOTAL |
528.9 |
16.40 |
162.3 |
5.13 |
691.2 |
21.52 |
*Signed contracts may be subject to renegotiation of volumes and/or other terms or even cancellation, and both signed contracts and tenders won may not proceed as originally planned at all.
Комментарии