PGS- Update Q3
October 11, 2021: Oslo, Norway, based on a preliminary review, PGS expects to report Revenues and Other Income As Reported* according to IFRS for Q3 2021 of approximately $142 million, compared to $85.1 million in Q3 2020.
Segment* Revenues and Other Income for Q3 2021 are expected to be approximately $132 million, compared to $116.1 million in Q3 2020.
Contract revenues ended at approximately $66 million ($9.3 million in Q3 2020). Segment MultiClient pre-funding revenues were approximately $35 million ($50.4 million in Q3 2020), and MultiClient late sales revenues approximately $25 million ($28.3 million in Q3 2020).
The difference between As Reported revenues and Segment revenues relates to MultiClient pre-funding where the As Reported MultiClient pre-funding revenues for Q3 are expected to be approximately $45 million ($19.4 million in Q3 2020).
Segment* Revenues and Other Income for Q3 2021 are expected to be approximately $132 million, compared to $116.1 million in Q3 2020.
Contract revenues ended at approximately $66 million ($9.3 million in Q3 2020). Segment MultiClient pre-funding revenues were approximately $35 million ($50.4 million in Q3 2020), and MultiClient late sales revenues approximately $25 million ($28.3 million in Q3 2020).
The difference between As Reported revenues and Segment revenues relates to MultiClient pre-funding where the As Reported MultiClient pre-funding revenues for Q3 are expected to be approximately $45 million ($19.4 million in Q3 2020).
Redigert 11.10.2021 kl 08:02
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We had strong cash flow in the
quarter and our liquidity reserve ended in excess of $190 million," says
President & CEO Rune Olav Pedersen.
quarter and our liquidity reserve ended in excess of $190 million," says
President & CEO Rune Olav Pedersen.
The
MultiClient market remains challenging, especially for the more discretionary
data library sales as energy companies maintain capital discipline. We do
however expect demand for MultiClient data to improve going forward and also
expect a seasonal increase of late sales in Q4
MultiClient market remains challenging, especially for the more discretionary
data library sales as energy companies maintain capital discipline. We do
however expect demand for MultiClient data to improve going forward and also
expect a seasonal increase of late sales in Q4
Obxserver
11.10.2021 kl 08:32
946
Sterkt cashflow!
– En stor andel av vår fartøyskapasitet i tredje kvartal var allokert til kontraktsarbeid, i hovedsak i Nordvest-Europa. Mens kontraktsmarkedet fortsetter å bedre seg opplever vi sesongmessig lavere aktivitet sendt i tredje kvartal og tidlig i fjerde kvartal. Multiklientmarkedet forblir utfordrende, spesielt på grunn mer skjønnsmessig databiblioteksalg siden energiselskapene opprettholder kapitaldisiplin, sier konsernsjef Rune Olav Pedersen i PGS.
– Vi venter imidlertid at etterspørselen etter multiklientdata vil bedre seg fremover, og vi venter også en sesongmessig økning i late sales i fjerde kvartal. Vi hadde sterk kontantstrøm i kvartalet og vår likviditetsreserve sluttet på i overkant av 190 millioner dollar, sier han.
– En stor andel av vår fartøyskapasitet i tredje kvartal var allokert til kontraktsarbeid, i hovedsak i Nordvest-Europa. Mens kontraktsmarkedet fortsetter å bedre seg opplever vi sesongmessig lavere aktivitet sendt i tredje kvartal og tidlig i fjerde kvartal. Multiklientmarkedet forblir utfordrende, spesielt på grunn mer skjønnsmessig databiblioteksalg siden energiselskapene opprettholder kapitaldisiplin, sier konsernsjef Rune Olav Pedersen i PGS.
– Vi venter imidlertid at etterspørselen etter multiklientdata vil bedre seg fremover, og vi venter også en sesongmessig økning i late sales i fjerde kvartal. Vi hadde sterk kontantstrøm i kvartalet og vår likviditetsreserve sluttet på i overkant av 190 millioner dollar, sier han.