We have implemented initiatives focused on improving safety, operational performance, revenue optimization, and cost reduction. Since acquiring these assets, we have successfully increased production while maintaining high standards of safety and environmental management.
As part of our optimization efforts, we have brought equipment rebuilds and restoration in-house instead of outsourcing to third parties. This change has significantly reduced engine rebuild times by approximately five to eight months and decreased total downtime by 83% between 2016 and 2022. In addition, we have undertaken substantial infrastructure refurbishment that has contributed to achieving record production levels. Continuous improvement remains a fundamental principle guiding our business operations.