International drilling contractor Boart Longyear, which has substantial operations in Western Australia, said it expects higher full year revenue in fiscal 2010.
The US-based firm said it estimated full year revenue for 2010 at $US1.45 billion ($A1.47 billion), with earnings before interest, tax, depreciation and amortisation (EBITDA) at least $US220 million.
"The company's estimates assume that December drilling activity will remain more robust than the past two years," Boart Longyear told the stock exchange in a statement on Friday.
In 2009, Boart Longyear had revenue of $US978 million, down nearly 47 per cent on the 2008 figure of $US1.84 billion.
"Operating trends have continued to improve through 2010 and are meeting, and in some cases exceeding, the company's expectations," the company said.
"We continue to see positive pricing momentum, increasing backlog for manufactured products and growing inquiries for rig availability," said Boart's chief executive officer, Craig Kipp.
"Recent comments about increased 2011 capital spending by many of the global resource companies reinforce these trends."
Boart Longyear's financial year ends on December 31. The company says it will announce its full year results in February, 2011.
