Athens Group Doubles Revenue, First Half of 2010

Monday, July 19, 2010

Athens Group announced a 103% increase in year-over-year revenue for the first half of 2010, as well as a significant increase in booked business for the balance of 2010. Due to the newbuild spike and an increase in drilling regulations, the company is experiencing a growing demand for its Drilling Technology AssuranceSM (DTA) Services for highly complex and integrated control systems on high-specification offshore assets. In particular, Athens Group has seen a dramatic increase in demand for software configuration management audits, as well as for newbuild and refurb full lifecycle engagements from Design through Operations. This demand is expected to continue as Drilling Contractors and Operators seek continuous improvement in reducing non-productive time (NPT), improving safety and safeguarding the environment.

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