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>

<< May 2019 >>
MTWTFSS
29 30 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 31 1 2

Global Petroleum Show (GPS)

The Global Petroleum Show Conference is a comprehensive three-day program where…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Decom Offshore 2019

As an established industry event, Decom Offshore 2019 provides delegates with the valuable opportunity to network…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >