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.

Posted: about 1 month ago

SeaBird stays in red despite revenue boost


  • Business & Finance
Posted: about 1 month in the past

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.

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