The conversion is now expected to be completed early September and the vessel will thereafter be employed on the previously announced charter agreement with Fugro Geoteam AS for a fixed period of 7 years with 2 x 2 years options for further use.
Arrow Seismic ASA ("Arrow") develops, owns and operates advanced special-purpose vessels for marine seismic. Arrow owns the vessels Laurentian, which is chartered to CGG, and Geo Atlantic, which currently is being converted to a state-of-the-art multistreamer seismic vessel against a seven year charter to Fugro Geoteam, whereupon the charterer has a 2 x 2 year option. Arrow has also contracted two special-purpose seismic vessels for delivery in the 1st and 4th quarter of 2008.
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