Sea Production Ltd. reported consolidated earnings results for the year ended December 31, 2008. For the year, the company reported operating profit of $47,145,000, profit before income tax of $35,592,000 and profit attributable to equity holders of the company of $14,369,000 or $0.16 diluted earnings per share on revenues of $125,450,000 compared to the operating profit of $34,225,000, profit before income tax of $23,863,000 and profit attributable to equity holders of the company of $14,793,000 or $0.19 diluted earnings per share on revenues of $89,804,000 for the previous year. For the year, the company reported net cash generated from operating activities of $74,024,000 compared to the $52,099,000 for the previous year. For the year, the company reported total capital expenditures of $4,585,000 compared to the $268,206,000 for the previous year. For the year net debt was $113,940,000 compared to the $169,215,000 for the previous year.