Offshore

Vikpat
18.12.2018 kl 11:57 2322

Even with 10% higher utilisation (95%) compare to Q3 (86%), it will be difficult for PLCs to present better number than Q3, without significant higher day rates. With approximately same day rates as Q3, they will only able to reach to same revenue from Proprietary as Q3 ( ~35m $). And remember there was 8,3 m$ loss in Q3.
The assumptions i have made here are,
1. The fleet utilisation will be 95%
2. There will no multiclient sale in Q4 (similar to the one to TSG )
3. Day rate of 111182 $, estimated from (Q3 Proprietary revenue and Fleet utilisation)
4. Reimbursable, Management fees and Bareboat charter revenue considered least from Q1, Q2 and Q3.

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