SeaBird Exploration vessel to leave offshore industry

July 19, 2022
SeaBird Exploration, a Green Energy Group company, has entered into a binding agreement to sell the Petrel Explorer vessel to an undisclosed buyer for an undisclosed sum.

Offshore staff

LIMASSOL, Cyprus — Seismic service provider SeaBird Exploration, a Green Energy Group company, has entered into a binding agreement to sell the Petrel Explorer vessel to an undisclosed buyer for an undisclosed sum, according to a July 18 Green Energy news release.

The sale is expected to be completed in about four weeks and will see the vessel leave the offshore industry.

“The sale of the non-strategic Petrel Explorer further strengthens the company's balance sheet and liquidity, enabling us to deliver on our asset-light strategy while aiming to consolidate the seismic markets we are involved in," said Ståle Rodahl, executive chairman of Green Energy Group.

07.19.2022

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