News Release 2006
Sagadril-1 has achieved 500,000 manhour No-LTI(Lost Time Incident) during the period from Nov. 6, 2004 until Aug. 13, 2006.
NAGA 1 has achieved 2,000,000 manhour No-LTI(Lost Time Incident) during the period from Jun. 6, 2000 until Aug. 4, 2006.
JDC announced that two directors were newly elected at the 38th Annual General Meeting of Shareholders held on June 28.
JDC's HDD team has successfully completed a shore line crossing works for pumping seawater from coastal deeper level by drilling and laying pipeline (340mm×240ｍ) through the layers of volcanic rock at the eastern part of Izu, Shizuoka, Japan.
JDC's four rigs achieved 100% utilization in the fiscal year 2005 ended March 31, 2006 under the long term contracts with national oil companies respectively. As a result, ordinary profit was US$ 15.7 million on total revenue of US$ 63.3 million, up by 178.1% and down by 13.9% from the previous year respectively. Net income was US$ 12.8 million, down by 23.6% from the previous year, maintaining black in figure for eleven straight years. (Converted at JPY114.10/US$ for 2005) .