Marine seismic specialist SeaBird Exploration has signed a new contract for OBN source work in the Western Hemisphere.
The contract is for the use of the 2009-built survey vessel Fulmar Explorer, and will have a firm duration of three months, with options that could extend the total period to nine months.
The start is expected mid-September, on commercial terms in line with prevailing market conditions for SeaBird’s vessels over the past year.
“This award reflects continued healthy demand for our assets. By securing additional backlog, we further enhance forward earnings visibility and support our long-term strategy for shareholder distributions,” said Kurt M. Waldeland, CEO of SED Energy Holdings, the parent company of SeaBird.
