Both are designed for source and 2D operations and for electromagnetic seabed logging. TheBOA Thalassa is currently performing EM duty for EMGS until September 2019, with three six-month extension options.
To finance the proposed NOK185-million ($21.7-million) transaction, and an upgrade of theBOA Galatea to high-end 2D/source capability, SeaBird is considering a private shares placement that could raise up to NOK250 million ($29.3 million).
TheBOA Galatea and BOA Thalassa were built in 2008 and 2009, respectively at a Norwegian yard.
Hans Petter Klohs, SeaBird’s CEO, said: “As a consequence of increased demand in all our regions, we have had to turn down work in the first quarter of 2019 due to scheduling conflicts. To be able to pursue a strong and diversified pipeline of contract leads in all segments, we have been evaluating several attractive opportunities for vessel capacity expansion.”