SeaBird picks up extension for Petrel Explorer seismic vessel

Norwegian seismic company SeaBird Exploration has received a notice of extension for the Petrel Explorer seismic vessel time charter party.

Petrel Explorer; Source: SeaBird

SeaBird said on Monday that the charter period for the vessel was now extended until May 31, 2020.

It is worth noting that the Petrel Explorer joined the fleet in 2019. The vessel is currently on charter to EMGS.

The charter agreement for the vessel originally contained two options for EMGS to extend the contract by six months each.

The first of these two options has been converted to six monthly options. EMGS declared the first option in late January 2020, meaning that the charter period for the Petrel Explorer was extended until April 30, 2020.

SeaBird also said on Monday that the company had received indicative bid interest from a prospective buyer of the vessel.

Given the positive market backdrop, SeaBird’s preferred strategy for the vessel is to maintain exposure through the current charter party. However, pending further extensions, the company may seek a new owner for the vessel, SeaBird explained.


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 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 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

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 >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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