has completed two pipeline rehabilitation projects for Amerada Hess Corporation in Seminole, Texas.
As described in the Management Proxy Circular for our 2003 Annual Shareholders' Meeting and our Management Proxy Circular dated October 18, 2001 with respect to the acquisitions of BPSAG and BPSC
from DaimlerChrysler and Ford, certain of our officers are eligible to receive a retention bonus if the officer is continuously employed with us until November 2003.
The decrease primarily reflects the change in accounting method for BPSAG and BPSC
, which were previously recorded as equity investments, but following their acquisition by us are consolidated.
As a result of the acquisition of BPSAG and BPSC
, the Company changed the way it managed its business with respect to making operating decisions and assessing performance.
5 million during the three and nine-month periods ended September 30, 2002, respectively, relate to expenditures for severance, the closure of facilities, asset write-downs and other expenditures associated primarily with realizing synergies from the acquisition of BPSAG and BPSC
9 million during the current quarter relate to expenditures for severance, the closure of facilities, asset write-downs and other costs associated primarily with realizing synergies from the acquisition of BPSAG and BPSC
Speaking on the occasion, the speakers demanded of the provincial government for immediate removal of BPSC
Chairman and conducting fair inquiry into all appointments made trough the Commission during his tenure.
8 million from BPSAG and BPSC
after their acquisition including related acquisition costs of $3.
is the institution which recruitments of most suitable persons and any of the provincial government departments has not objected to its recommendations yet, which clearly proves that it (Commission) is performing honestly and appropriately.
In response to higher tubing liner orders than earlier anticipated, BPSC
recently doubled production at the plant to 80,000 feet of liner per month, by adding additional equipment.
Chairman Ashraf Magsi got his three sons and wife appointed as Grade 17 officers while, Deputy Director Examination got his son posted as Section Officer.
reported orders received last week from 3 major oil companies for an aggregate of over 80,000 feet of 2-3/8" and 2-7/8" ML-1 downhole tubing liner.