SCAN Buys Another Seismic Vessel

According to previously announced strategy SCAN Geophysical ASA has signed a purchase agreement for a 2002 built vessel for conversion into a High-End 2D seismic survey vessel with dual source capacity--SCAN’s sixth vessel.

By this transaction SCAN has secured another 2D seismic vessel with early delivery, and thereby secured further capacity in a very strong seismic market.

The new vessel, M/V Stigandi, is currently a stern trawler built in 2002. She will have the capacity to work as a High-End 2D vessel with up to 12 km streamer. She will also have the capacity to work as a source vessel with dual source capacity. The conversion is expected to commence during September 2006. The vessel may also be rigged with capacity to tow 3 x 4,6 km streamers for small-size 3D surveys.

j SCAN’s total capital expenditure is approximately US$28 million, including the seismic equipment for a 1 x 12 km 2D configuration. The company will enter into a sale-leaseback arrangement with a shipowner for the vessel but will own the seismic equipment.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit