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    SeaBird provides update on OBN vessel

    Vessel & ROV News // May 31, 2011

    Seismic specialist SeaBird Exploration PLC says that, over the last few months, it has worked with a Norwegian shipyard to develop and plan the construction of a second vessel (in addition to Hugin Explorer) for deploying, retrieving and servicing Ocean Bottom Nodes (OBN).

    Through a mutual understanding between the yard and SeaBird, a condition for delivering the vessel in the second quarter/third quarter 2012 was that a firm shipbuilding contract was to be signed within May 2011. SeaBird is still developing its plans for a second OBN crew.

    "However, at present it is not considered good timing to introduce further commitments on the company with a firm construction contract for a second node vessel," said SeaBird.

    "SeaBird is the front runner in developing the OBN technology, and has successfully completed six surveys for four super oil-majors over the past two years. SeaBird continues to see a growing interest in this technology, and expects more continuity in future surveys with potential for longer term contracts. SeaBird will revert to considerations of expanding capacity in due time," the conmpany said.


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