SeaBird to sell Raven Explorer

SeaBird Exploration Ltd. has agreed to sell the Raven Explorer for $17 million.

Offshore staff

DUBAI, UAE -- SeaBird Exploration Ltd. has agreed to sell the Raven Explorer for $17 million.

The vessel was purchased with the intention to convert it to a shallow-water 2D/3D vessel, but modeling could not confirm the vessel's suitability for conversion to a state-of-the-art seismic vessel, SeaBird says.

Delivery is expected in the first half of September.

8/29/2007

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