Oil and gas infrastructure services company PT Elnusa Tbk (ELSA) estimates to post Rp4.02 trillion revenue last year, a 9.8% increase from Rp3.66 trillion last year. The biggest contributor for the consolidated revenue was integrated upstream sector with Rp2.4 trillion or counting 60%.
Elnusa Business Development Director M. Jauzi Arif, as quoted by Investor Daily, said the upstream sector is including seismic activities, drilling, and oilfield services both in the local and offshore markets. Seismic business was the biggest contributor. Elnusa posted Rp1.35 trillion revenue from seismic services last year or 60% of its integrated upstream business.
Disclosure: No position at the stock mentioned above.
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