Brief: PGS Expects 2023 Gross Cash Costs Of About $550 Million

PGS ASA

26/01/2023 06:10

Jan 26 (Reuters) - PGS ASA  PGS.OL :
    * EXPECTS FULL YEAR 2023 GROSS CASH COSTS TO BE
APPROXIMATELY $550
MILLION
    * INCREASE IN COSTS FROM 2022 IS PRIMARILY DUE TO HIGHER
ACTIVITY
LEVEL AND MORE CAPACITY IN OPERATION
    * 2023 MULTICLIENT CASH INVESTMENTS ARE EXPECTED TO BE
APPROXIMATELY $160 MILLION
    * APPROXIMATELY 60% OF 2023 ACTIVE 3D VESSEL TIME IS
EXPECTED TO
BE ALLOCATED TO CONTRACT WORK
    * CAPITAL EXPENDITURES FOR 2023 IS EXPECTED TO BE
APPROXIMATELY
$100 MILLION
    * ORDER BOOK AMOUNTED TO $416 MILLION ON DEC. 31, 2022
    * Q4 SEGMENT EBITDA $145.2 MLN VS $96.1 MLN YR AGO

Source text for Eikon:  ID:nGNE8DR2Gg 
Further company coverage:  PGS.OL 
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