WesternGeco has canceled the charter party and all related agreements with Petroleum Geo-Services and Arrow Seismic Invest III for newbuild 533.
Offshore staff
OSLO -- WesternGeco has canceled the charter party and all related agreements with Petroleum Geo-Services and Arrow Seismic Invest III for newbuild 533.
As a consequence, Arrow has formally notified the Factorias Vulcano shipyard in Spain that it reserves the right to cancel the shipbuilding contract for the vessel and call upon a $56-million refund, as set out in the agreement.
