C.A.T oil AG: Revenues Up Despite 18% Rouble Drop Vs Euro
C.A.T. oil AG,one of the leading providers of oil and gas field services in Russia and Kazakhstan, significantly boosted its earnings and profitability in the second quarter of the year. Despite the increased political uncertainties, C.A.T. oil experienced a very strong upturn in customers’ demand for its services and further …
C.A.T. oil AG: Retains 2014 Outlook and 390m Euro Investment – Sanctions Not to Have an Effect
C.A.T. oil AG,one of the leading providers of oil and gas field services in Russia and Kazakhstan, reiterates its outlook for the current fiscal year following the initial assessment of the effects of the latest EU and US export restrictions for the Russian oil industry. C.A.T. oil expects revenues in …
C.A.T. oil Agreement with Gazprom Neft Ensures Full Utilization of New Capacities Until End of 2016
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, signed a framework agreement with Gazprom Neft on drilling and hydraulic fracturing services on 17 June 2014. The agreement guarantees full utilization of four new drilling rigs and one new fracturing fleet …
C.A.T. oil AG: Business model verified – record operational and financial results in FY 2013
C.A.T. oil AG delivered superior operating and financial results in 2013: C.A.T. oil boosted its revenues by more than one fourth yoy to EUR 426.6 million (2012: EUR 336.8 million) and EBITDA by 43.6% yoy to EUR 114.9 million (2012: EUR 80.0 million) as the EBITDA margin widened by 3.1 …
RPI: Horizontal Drilling in Russia
Horizontal drilling increased by 80% in both KMAD and East Siberia between 2007-2012. The contribution to incremental drilling was roughly the same in both regions. As a result, horizontal drilling is rising at a steady pace in Russia due to both the development of new fields in greenfield oil producing …
C.A.T. oil AG: Order Book 2014-16 Hits All-Time High of EUR 754 Million
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has made significant progress in its 2014 tendering campaign: As of 26 February 2014, the Company’s total order book for 2014-16 hit an all-time high of EUR 754 million (based on a …
C.A.T. oil AG: 100% of Hydraulic Fracturing Capacity Successfully Marketed for 2014
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, today announced that it has successfully marketed its fracturing capacities. The Company’s operating subsidiary CATKoneft has been awarded a tender worth EUR 148 million (based on a rouble-to-euro exchange rate of 47) …
C.A.T. Oil AG: Early and Significant Success in 2014 Tendering Campaign
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakh-stan, today announced an early and significant success in its 2014 tendering campaign. For a three-year period starting in 2014 the Company has been awarded a tender worth EUR 281 million (based on …
C.A.T. oil Supervisory Board Extends Contracts of Entire Management Board
*Manfred Kastner, Ronald Harder, Anna Brinkmann and Leonid Mirzoyan re-confirmed as Members of the Management Board of C.A.T. oil AG *Appointments extended until end of fiscal year 2018 *Supervisory Board acknowledges the board’s commitment to the Company’s strategy aiming at sustainable and profitable business growth The Supervisory Board of C.A.T. …