Ocean Yield in ‘Geco Triton’ sale

Ocean Yield ASA has agreed to sell the 1991 built seismic vessel “Geco Triton”.

The company sold the vessel to the charterer for $8.2 million.

The vessel was on a long term bareboat contract with Western Geco until December 2015 and Ocean Yield says that the sales price includes full payment of remaining charterhire. The current book value of the vessel is about $12 million. Furthermore, as there is no debt on the vessel, the net cash proceeds will be equal to the sales price.

The vessel, Geco Triton, was converted from trawler into a Seismic vessel in 1998.

Meanwhile, Ocean Yield has taken delivery of the diving support and offshore construction vessel (DSCV) “SBM Installer”.

 

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