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    New shallow water 2-D/3-D vessel for SBX

    Vessel & ROV News // October 23, 2006

    SeaBird Exploration Limited (SBX) has agreed to acquire the vessel Tasneem 2 from Sykariat Borcos Sdn Bhd for US$12.965 million.

    The vessel is a newbuild AHTS and will be converted into a shallow water 2-D/3-D vessel and re-named Raven Explorer.

    The total project cost including conversion and purchase price is estimated to be approximately US$36 million.

    The vessel is expected to be operational in the second quarter of 2007.

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