Multi-client investment is a core part of our growth strategy and allows us to consider opportunities with attractive risk reward characteristics and optimize vessel utilization. We would anticipate that this segment will continue to expand and account for a greater portion of the company’s revenues. You mentioned SeaBird’s market leadership position. What makes SeaBird so unique and how do you retain your competitive advantage? There are a number of factors that contribute to our strong market position. Firstly, we have a global footprint which allows us to effectively cover our client base anywhere in the world. In addition, as most of our clients’ efforts are targeted towards frontier markets,
our ability to operate efficiently under challenging and adverse conditions is of utmost importance. We also pride ourselves on our focus on HSSEQ and believe we have one of the best safety and quality systems in the industry. This not only ensures our industry-leading performance but also pre-qualifies us to work for the major oil companies. Lastly, we need to be the technology leader in our market segments. We are actively focused on advancing technology and acquisition techniques throughout our business. Given the opportunities you have highlighted, what are your priorities for 2014 and beyond? We made significant progress during the past year, but the restructuring effort is yet to be completed. While we will continue to look at expanding our core business areas as discussed, it is equally important that we further improve our efficiency and enhance our cost structure. We will also focus on strengthening the organization and deepening our know-how. We aim to provide an improved service offering to our client base and increase our value add proposition. The focus on technology will be a core part of this effort.
CEO
STATEMENT
An interview with Dag Reynolds Annual Report 2013
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