Green Energy Group (SeaBird Exploration) Announces Letter of Award and Backlog Update
Source: www.gulfoilandgas.com 7/25/2022, Location: Europe
Green Energy Group (SBX Plc, the Company) is pleased to
announce that it has received a Letter of Award for a 2D campaign in the Eastern
Hemisphere with a duration of approximately 9 months. The contract is expected
to commence in September this year with rates reflective of an improving 2D
market.
The Company`s backlog currently shows a combined 23 months of work to be
performed over the coming 14 months with a projected EBITDA contribution of
approximately USD 18 million. As previously communicated, the Company holds
considerable capacity for further contracts both in 2D and OBN source.
