Ocean Yield Delivers Geco Triton to WesternGeco

Ocean Yield announced that it has delivered “Geco Triton” seismic vessel to its new owners and received net cash proceeds of USD 8.2 million from the sale of the vessel.

Previously the company announced the sale of the vessel to its charterer WesternGeco.

Ocean Yield has also entered into an agreement to increase one of its bank loan facilities by USD 50.5 million.

The loan proceeds will be used for funding of the equity portion of investments in vessels and for general corporate purposes.

The final maturity of the bank facility is in September 2018.

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