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>

<< Aug 2019 >>
MTWTFSS
29 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 31 1

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

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