Arrow Seismic ASA ("Arrow") develops, owns and operates advanced special-purpose vessels for marine seismic including the vessels "Geo Atlantic" (prev. "Polar King") and "Laurentian".
Arrow has also contracted three special-purpose seismic vessels for delivery in 2008 and 2009 with an option for one more similar vessel from the same shipyard for delivery in 2009. The newbuilds are designed for optimal marine seismic operations with a strong focus on safety, a capacity of 12 (16) streamers and a high transit speed.
To supply Arrow with the equity required to finance the investment in newbuilds, Arrow arranged a private offering of NOK 303 million in February 2006. The largest shareholder, GC Rieber Shipping ASA has an ownership interest of 54 percent in Arrow after the private offering. The company's registered business office is in Bergen, Norway.
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