Boart Longyear is the world’s leading integrated drilling services provider and products manufacturer for the Minerals Industry, with a substantial presence in the Environmental & Infrastructure and Energy Industries.
The segments in which the Company operates were estimated by Management to have global sales of approximately US$10 billion FY2006.
Boart Longyear operates an integrated business, covering two markets:
Drilling Services – the provision of contract drilling services for the extraction of rock, soil and water samples for technical analysis; and
Products – the manufacture of capital equipment (rigs) and consumables to the drilling industry, including its own Drilling Services division.
The Company generated pro forma revenue of US$1.25 billion in FY2006, is forecast to generate pro forma revenue of US$1.46 billion in FY2007 and has over 9500 employees globally.
The Drilling Services division, which is expected to account for US$908 million or approximately 60% of the Company’s pro forma revenue in FY2007, provides drilling services in 30 countries in the Minerals, Environmental & Infrastructure and Energy Industries.
The Company’s Products division, which is expected to account for the remaining 40% of pro forma revenue for FY2007, representing US$553 million, manufactures products for customers in over 100 countries in the Minerals, Environmental & Infrastructure and Energy Industries.
The Company has a corporate office in Sydney, Australia and its operational head office is in Salt Lake City, Utah, United States. Boart Longyear has five regional offices in Australia, Canada, The Netherlands, Peru and South Africa and its revenue is derived from a diverse geographic base.
