Guidance 2016: - Cash cost at c. $725m (vs. $820m in 2015); - Capex at $490m overall ($250m in MultiClient (MC), $240m in the fleet, including $180m in new builds). $90m new build capex will remain in 2017; - Gross depreciation (ex MC amortisation) at c. $210m (vs. $245m in 2015); - Gross cash interest expense at c. $60m (o/w $25m capitalised to MC and new builds); - MC pre-funding expected at c. 100%, 50% of active 3D fleet allocated to MC. PGS (as well as TGS Nopec) changed the amortisation
04 Dec 2015
CMD 2015: the state of cash cost
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CMD 2015: the state of cash cost
Guidance 2016: - Cash cost at c. $725m (vs. $820m in 2015); - Capex at $490m overall ($250m in MultiClient (MC), $240m in the fleet, including $180m in new builds). $90m new build capex will remain in 2017; - Gross depreciation (ex MC amortisation) at c. $210m (vs. $245m in 2015); - Gross cash interest expense at c. $60m (o/w $25m capitalised to MC and new builds); - MC pre-funding expected at c. 100%, 50% of active 3D fleet allocated to MC. PGS (as well as TGS Nopec) changed the amortisation