Magseis reports its strongest ever quarter

摘要

Ocean bottom seismic (OBS) specialist Magseis has reported the strongest quarter in its history with all-time high revenues and EBITDA. The final quarter of 2016 saw it awarded a contract by ConocoPhillips for a 4D seabed seismic survey in the North Sea. Production is progressing according to plan together with BGP on Saudi Aramco's S-78 project. The company, which uses seabed sensors to provide clients with geophysical data, had revenue of US$20.0 million (US$5.5 million in the same period in 2015). It reported EBITDA of US$5.5 million »(US$-6.3million in 2015), EBIT of US$1.9 million (US$-10.8 million in 2015) and net income of US$0.1 million (US$-11.2 million in 2015).