Beyond the revenue generated by production volume growth, our operating teams have done an outstanding job of cost control by striving for continual improvements in our drilling efficiencies. This success is detailed in the operations report and it demonstrates our significant enhancements spud to rig release times, rig mobilization times, and a 12% overall improvement in the amount of time it takes from spud to spud in our core onshore operating development and drilling operations. As a result we’ve been able to maintain our level of activity with fewer rigs and without increasing capital during a year of sizable service cost increases in the industry..
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The German mobile market service revenues decreased by 4.7% year over year in Q3 according to our market estimates. This is a clear deterioration versus the previous quarter. Despite us still outperforming the competition, our underlying service revenues in the quarter decreased slightly by 1% for the following reasons: intense competition, as already flagged at our Q2 results; new roaming cuts implemented in summer; SMS revenue decline accelerating to 30% year over year; significant lower visitor revenues billed in Q3 versus Q2.
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