However he did mention that margins were not improving,...

However he did mention that margins were not improving, competition was fierce and losing good people all the time making it difficult to expand and take on new contracts.
Various mentions of costs rising means that whilst work is assured profits are not. Remember that the Middle East is all high risk and a fall in oil prices could undermine a lot of development. After all it is all oil money which is financing all the development in these deserts , much of which is uneconomic.
However overall it is positive and worth a punt imo