SeaEnergy to meet forecasts oil price slide boosts enquiries
“Despite the recent fall in the oil price demand remains high from operators in the UK North Sea US and Mexico and we continue to see new enquiries from other international markets including Southeast Asia and the Middle East” it said.
SeaEnergy subsidiary R2S provides a 360 degree interactive video that oil rig and gas facility operators can use for virtual maintenance.
Due to the oil price decline many oil operators are looking to reduce costs and increase efficiency the company added.
“We have to date not seen any oil price related project cancellations or deferrals and have continued to receive new enquires and firm orders for operators already in cost-cutting mode.“
SeaEnergy added that its ship management business like R2S had seen record turnover in 2014 and is currently profitable with the three ships in its fleet.
The company still has a stake on Irish oil group Lansdowne and may have to take an impairment charge if its value remains below its book value as currently.
David Sigsworth chairman said: "We're very pleased to have achieved our expectations for 2014 and are looking forward confidently to continuing growth towards sustainable profitability this year and dividends in due course."
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment