SCAN Secures Short-Term Financing for Seismic Equipment
Reference is made to stock exchange notifications on December 15 from SCAN Geophysical ASA (SCAN) regarding new possible debt financing secured by seismic equipment.
SCAN has invested substantial amounts in seismic equipment for its three newbuilds and has succeeded to agree with its suppliers to rearrange the commitments for further investments in seismic equipment.
Based on this, SCAN has today raised new short-term debt financing of NOK 60 million with security in the seismic equipment. This financing is planned to be replaced by longer term financing during the first quarter of 2009.
- SCAN Kicks Off 3D Seismic Operations in South America (Jun 18)
- Gold Oil Concludes 2D Seismic on Peruvian Offshore Block Z34 (May 22)
- Gold Oil Taps SCAN for Seismic Acquisition Offshore Peru (Apr 20)