Question-and-Answer Session
Operator
Thank you, sir. Ladies and gentlemen, at this time we will now begin our question-and-answer session. (Operator Instructions). Our first question is from James West with Barclays Capital. Please go ahead.
James West - Barclays Capital
Good afternoon.
Robert Peebler
Good morning James.
James West - Barclays Capital
Bob, on FireFly, I think first, congratulation on all the FireFly related announcements we have seen this year. I think it's particularly impressive given the industry environment we're in. But now that you have three projects in various stages, should we expect you to take on additional projects at this point or are you guys kind of tapped out from a manpower and technology standpoint?
Robert Peebler
We're tapped out. We've got pretty much the equipment we have deployed. And as you can imagine, we have basically three drops (ph) going out of launch in three parts of the world. So that's pretty much what we can get done. As the year unfolds and some of these... we roll off these projects, we're constantly looking for additional projects. But right now, we're pretty much tapped out.
James West - Barclays Capital
Okay. And then on the processing side of the business, you have great backlog there. It's been extremely strong. What's driving that? Is it just pull through from last year's exploration work? Is it reprocessing and activity? I mean is it something of a technology niche you have. I've been surprised at how well that business has performed.
Robert Peebler
It's sort of all the above. One of the things we see for... I'll just give a couple of examples. For example, there was a lot of wide-azimuth work, as you know, acquisition work down over the least year or two. And now companies are stepping back and actually wanted to reprocess a lot of that data. And so... and once that happens, the opportunity moves from the original contractors that acquire the data to reprocessing jobs like ourselves and have a really good and high-end reputations. So we're doing... we are now reprocessing a lot of the data that has been collected over the last couple of years, which is sort of why we like that business. It's a great addition to our portfolio. (inaudible) acquisition slows down high-end processing increases.
The other fact is that we've been working very hard to expand our global footprint. And because of that, we just have a much broader portfolio of activity, which gives us more activity.
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