SeaBird Gets Bondholders Nod for Seismic Vessels Acquisition

Photo: BOA

SeaBird Exploration (SeaBird) has reached an agreement with bondholders with respect to all material terms for the acquisition of the BOA Galatea and BOA Thalassa vessels.

SeaBird earlier informed that it is in an exclusive process to acquire the two seismic vessels in a transaction which values the vessels at NOK 185 million (close to $22 million).

On the basis of the agreement, the bondholders have irrevocably exercised their option to acquire the holding company for the vessels, in order to cause it to sell the vessels to SeaBird pursuant to said agreed terms as soon as possible.

On this basis, the private placement is expected to complete shortly, SeaBird said.

The BOA vessels are well suited for source and 2D operations, as well as EM seabed logging.

Share this article

Follow Subsea World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >