SeaBird Exploration Announces a LOI for a Source Vessel Contract

Source: www.gulfoilandgas.com 7/8/2021, Location: Europe

SeaBird Exploration is pleased to announce a LOI for a source vessel contract in the Western Hemisphere with a leading operator. The operator has specifically requested the «Fulmar Explorer» for the work programme. The contract is expected to start in Q4 2021 and has an expected duration of about 4 months. To this end, SeaBird Exploration delivers on its main growth targets for 2021; outfitting Fulmar Explorer against contracted work and winning contracts for the Geo Barents (later changed to Veritas Viking) for OBN work. With a steadily increasing number of tenders against a backdrop of strong oil prices, the Company sees a continued positive market outlook for OBN and 2D work and intends to continue improving its position in these segments.


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