Won US$24.48mn new contracts
Elnusa has won US$24.48m transition seismic acquisition contract in West Papua . This project should last for six months starting at the end of September 2010. The project will be handled together with French international geosciences firm where ELSA will provide recording and cable, support vessel, land survey and transportation. In 1H10, transition zone and marine seismic business has contributed US$89m or around 60% of ELSA total revenue. The target for new contract this year from this line of business is Rp1.44tr. Target revenue for 2010 is Rp4.46tr translates to 21.86% y-o-y increase. In 1H10, ELSA booked Rp2.27tr revenue with net profit of Rp27.10bn.
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