SeaBird Contract Cancelled Contract in Asia Pacific Region
Source: www.gulfoilandgas.com 12/12/2013, Location: Europe
SeaBird Exploration Plc regrets to inform that a contract previously announced for the Voyager Explorer with a national oil company in the Asia Pacific region, has finally been cancelled after a series of delays. The contract had an estimated duration of about 110 days and commencement was expected mid-November. The contract value was about USD 16 million. The company is considering alternative opportunities for the vessel. The cancellation of the Voyager Explorer will negatively impact the utilization for the company.
