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SCAN Geophysical steams into profit


Published Apr 29, 2008
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SCAN completes ONGC Caribbean 2DMarine programs on schedule

Norway-based survey outfit SCAN Geophysical said Tuesday it had erased a fourth-quarter 2007 loss to post a NOK1.9 million ($400,000) profit in the first three months of 2008, citing new contracts and “flexible payment schedules for seismic” kit.

The result was achieved on revenues in the quarter of NOK116.7 million ($), up about NOK14 million over the year-ago period.

The company recently reported a contract with PetroVietnam in the Carribbean for its new-build survey vessel MV SCAN Stigandi.

Tags: SCAN Geophysical ASA




   

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