SeaBird Exploration Plc: LOI for the Fulmar Explorer
Friday 9 July 2021
SeaBird Exploration is pleased to announce a LOI for a source vessel contract in the Western Hemisphere with a leading operator. The operator has specifically requested the «Fulmar Explorer» for the work programme. The contract is expected to start in Q4 2021 and has an expected duration of about 4 months. To this end, SeaBird Exploration delivers on its main growth targets for 2021; outfitting Fulmar Explorer against contracted work and winning contracts for the Geo Barents (later changed to Veritas Viking) for OBN work. With a steadily increasing number of tenders against a backdrop of strong oil prices, the Company sees a continued positive market outlook for OBN and 2D work and intends to continue improving its position in these segments.