SeaBird has announced the recent signing of two contracts following awards for the 2D Seismic vessel Munin Explorer and the 2D/3D shallow water vessel Geo Mariner in East Africa.
Munin Explorer has commenced operations offshore Mozambique after mobilizing from South Africa, The vessel will shoot 2D seismic for
Vessel Utilization 1st Quarter 2009
Vessel utilization is defined as the percentage of the full quarter where the vessel is in paid work either in the form of acquisition, mobilization, demobilization, steaming, standby or other. The vessel utilization for the 9 seismic vessels operated by SeaBird Exploration
Geo Mariner has a utilization of 43% after the planned docking and class maintenance during February and March before mobilizing for her
Hawk Explorer and Harrier Explorer have continued on their long term time charters to Fugro Geoteam (to end November 2009) and PGS (to 4th Quarter 2011) and have a utilization of 82% and 99% respectively. Hawk Explorer had 12 days off hire due to technical downtime in
Osprey Explorer and Northern Explorer continued to acquire data at the East Coast of India for the whole quarter with utilization of 98%
Aquila Explorer had a utilization of 82% mainly due to upgrading with a solid streamer following her redelivery from PGS in January. The
The Hugin Explorer has continued in Angola on her first full scale Ocean Bottom Node Seismic survey for Total and has completed reshooting ready to retrieve nodes to complete the Dalia survey. Subsequent to this, she will move to the Girassol field, which is
Vessel utilization for Hugin Explorer for the quarter continued to be low at 38%, mainly due to redeployment and reshooting following the
SeaBird has experienced more problems on the first full scale Ocean Bottom Node Seismic survey for Total than was expected. However, we believe most of these difficulties are now behind us. Furthermore the fact that the company has been able to secure two more substantial contracts for this technically front end technology for two major oil companies BP E&P Inc in GOM and Chevron affiliate Star Deepwater offshore Nigeria, has given SeaBird a boost in confidence for the future of this niche seismic technology.
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