Reference is made to the stock exchange notices of 11 July 2018 and 1 August 2018 regarding the acquisition of the Geowave Voyager, fully rigged with 40km streamer and dual source, for USD 17 million. SeaBird Exploration has now taken delivery of the Geowave Voyager from CGG and the vessel has been renamed Eagle Explorer.
As part of the purchase agreement, SeaBird will have a preferred supplier status with CGG when using the Eagle Explorer. SeaBird and CGG have entered into a contract for the vessel, operating as a source vessel. The contract is for 160 days firm with options for CGG to extend. The work will start in December, after the vessel has completed class renewal.