BLV 0.00% 1.6¢ blossomvale holdings ltd

shlumberger profit forecast downgrade, page-4

  1. DSD
    15,764 Posts.
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    Remember the main business of NMS is maintaince and repair of existing oil/gasw platforms, pipelines etc. The Apache gas blow-out in WA is clasic example. These installations cost tens if not hundreds of millions and downtime means lost rev on big scale. Hence, NMS services are in strong demand and contracts have far bigger margins than onshore work.
 
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Currently unlisted public company.

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