Puma Energy Q3 2015 Results

Published by Louise Mulhall, Editorial Assistant
Oilfield Technology, Tuesday, 17 November 2015 09:00

Financial highlights

Sales volumes increased 26% to 5004 million m³ compared with 3956 million m³ in Q3 2014.

EBITDA increased 5% to US$177 million versus US$168 million in Q3 2014.

Investments progressing in line with organic growth programme.

Completed the acquisitions of midstream and downstream assets from Murco in the UK, the bitumen business from BP in Australia, the entire business of Brent Oil in South Africa and BP’s regional aviation fuel business in Puerto Rico.

Commenting on these results, Denis Chazarain, CFO, said:

"Puma Energy has delivered continued success and stability by sticking to our proven core strategy and business model year after year. I am pleased with our performance and our recent value accretive acquisitions, and look forward to our large projects coming online to help drive our business forward."

Adapted from a press release by Louise Mulhall

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/17112015/puma-energy-q3-2015-results/

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Financial highlights

Commenting on these results, Denis Chazarain, CFO, said:

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