Seabird Nets Two Contracts for Its Seismic Vessels

SeaBird Exploration Plc has announced the Voyager Explorer has been awarded a contract from a national oil company in the Asia Pacific region.

The contract has an estimated duration of about 110 days and start is expected late November. The contract value is about USD 16 million. Additionally, the Aquila Explorer has been awarded a 30-day contract also in the Asia Pacific region. This contract will begin in early December and has an estimated value of approximately USD 3 million.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic).

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Press Release, November 08, 2013