Q4 revenues were $154m (vs. $229m in Q4 15), missing consensus expectations (at $184m). The EBIT loss (ex. impairments) came in at $66m (vs. -$23m in Q4 15), also below consensus (at -$40m). The net loss was $156m (vs. -$335m in Q4 15). Outlook 2017: - Cash costs at c. $700m; - Capex at $150m (o/w $85m for new build Ramform Hyperion); - 55% of the active 3D fleet time allocated to MultiClient; - MultiClient investments at c. $275m, pre-funding at 100%.
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Increase in 3D seismic volumes in 2017
Q4 revenues were $154m (vs. $229m in Q4 15), missing consensus expectations (at $184m). The EBIT loss (ex. impairments) came in at $66m (vs. -$23m in Q4 15), also below consensus (at -$40m). The net loss was $156m (vs. -$335m in Q4 15). Outlook 2017: - Cash costs at c. $700m; - Capex at $150m (o/w $85m for new build Ramform Hyperion); - 55% of the active 3D fleet time allocated to MultiClient; - MultiClient investments at c. $275m, pre-funding at 100%.