Seismic participant Seabird mentioned it has secured an OBN supply contract within the North Sea.
According to the Oslo-listed firm venture mobilisation ought to happen in July this yr.
The firm famous that it’s a quick period contract the place it’ll use its 3D/2D lengthy offset/supply vessel Eagle Explorer.
The subsequent deliberate work for the Eagle Explorer is a supply job in South America introduced on 20 April.
Seabird will delay mobilisation for this survey to fourth quarter resulting from COVID-19.
Vessel sale and refinancing
Additionally, as a part of its asset-light technique and renewal course of, Seabird has determined to promote the Harrier Explorer for recycling.
M/V Harrier Explorer joined the fleet after conversion to a 2D and supply vessel in Netherlands in 2007.
The sale ought to full in early Q3 and can have a small optimistic money impact.
Furthermore, the corporate has now additionally accomplished the refinancing of the SBX04 bond mortgage with a financial institution mortgage facility.
SeaHen has acknowledged internet lack of $zero.three million for Q1 2020, towards internet lack of $zero.four million in the identical interval in 2019.
The firm recorded revenues of $25.three million in Q1, a 105 per cent improve in comparison with $12.three million in Q1 2019.
The publish Seabird scraps one vessel, secures work for an additional appeared first on Offshore Energy.