Magseis looking to hire offshore vessel with seismic equipment

Norwegian geophysical company Magseis has entered into a letter of intent with an unnamed provider of offshore vessels regarding a potential vessel charter. 

Magseis said in a statement on Tuesday that such agreement includes an option for the lease of certain seismic equipment. However, the company did not reveal any further details about the vessel provider nor the assignment for which the vessel will be hired.

The company further said it expects that its first quarter 2017 revenues will be at least in line with the last quarter of 2016.

With the recent announcement of an extension to the ongoing survey in the Red Sea, Magseis’ backlog now amounts to more than $65 million for 2017. Therefore, the company is ready to embark on its previously announced expansion plans, Magseis noted.

The geophysical company also added that its board will consider the potential equipment financing in its evaluation of alternatives.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
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 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply