SeaBird acquires seismic vessel from CGG

Norwegian seismic specialist SeaBird Exploration has entered into exclusive negotiations with France’s CGG to acquire 2009-built seismic vessel Geowave Voyager for $17m.

SeaBird is acquiring the vessel fully rigged with source and recording equipment, including 40km of Sercel Sentinel Solid streamer. The vessel cn be used for 2D, source and niche 3D projects, and can be modified for use as a node laying vessel.

Hans Petter Klohs, chief executive officer in SeaBird, commented: “After a series of strong contract wins, we have secured high utilization for most our existing fleet well into the fourth quarter. We have been pro-actively seeking to grow the fleet in tandem with an improving underlying market, and this transaction will provide us with a very suitable quality vessel we know well from previous engagements at a very attractive price further strengthening our position and service offering in the 2D, source and niche 3D markets.”

SeaBird plans to carry out a private placement to raise the funds for the acquisition, which is scheduled for completion by October.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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