The Houston-based player is, however,shooting for increased orders this year on the back of strong market activity.
Net profit for the three months to the endof March was $111.1 million, well down on the $148.3 million a year earlier.
This was despite revenues soaring from$2.06 billion to $2.43 billion as the drilling and production systems divisionin particular piled on the sales.
Total costs and expenses swelled, however,from $1.88
