Newbuild seismic vessel canceled

WesternGeco has exercised a contract right to cancel construction of a seismic vessel through Arrow Seismic Invest II Ltd., a Petroleum Geo-Services ASA subsidiary.

Offshore staff

LYSAKER, Norway --WesternGeco has exercised a contract right to cancel construction of a seismic vessel through Arrow Seismic Invest II Ltd., a Petroleum Geo-Services ASA subsidiary. Newbuild 532 was to be constructed by Factorias Vulcano in Spain.

PGS previously had noted the option to cancel on WesternGeco's part.

03/23/2009

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