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    SCAN Geophysical issues update on three newbuilds

    Vessel & ROV News // November 22, 2007

    SCAN Geophysical says it has been informed that delivery of the companyís three newbuildings will be delayed compared with the dates previously announced.

    Based on updated production schedules from the ABG Shipyard, each vessel will be delayed by three months, implying new delivery dates of June 30th 2008, September 30th 2008 and
    mid-February 2009.

    During the third quarter the shipyard has suffered from capacity problems and increased lead time from its suppliers, a situation faced by the shipbuilding industry in general.

    Said SCAN: "The delays on SCANís vessels in particular are influenced by scarce engineering capacity as some technical drawings yet have to be delivered. Even if most of the ships equipment for SCANís vessels is secured and delivered, the yard now reports late delivery of some parts."

    The three vessels are being built for seismic data acquisition, and all have the capacity to operate streamers of up to 10km each, providing a total capacity of 80km of streamers.

    All of the vessels can tow up to 10 streamers for high density surveys.


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