SCAN Geophysical ASA (SCAN) has agreed to sell its three new building
high capacity 3-D vessels, including complete seismic equipment, to Ship Finance International Limited based on a total price of US $210 million, or $70 million per vessel. The agreement includes a lease-back over 12 years with purchase options after 6, 10 and 12 years.
The vessels are purpose-built at the ABG Shipyard in India and specifically designed for efficient 3-D seismic acquisition with high streamer capacity of 10 tow points and streamer lengths of up to 10 km (applies for up to 8 streamers), corresponding to a total capacity of 80 km streamers. The largest known streamer tow in the seismic
industry to date has been 72 km streamers.
SCAN has been granted fixed price purchase options for each of the vessels after 6, 10 and 12 years at approximately $20 million, $14 million and $9 million, respectively.
Recommended Reading
TGS Awards First 3D Streamer Contract for Summer 2025
2024-11-11 - The contract for TGS’ first 3D streamer acquisition for Northwest Europe’s summer season will begin in May 2025.
E&P Highlights: Nov. 25, 2024
2024-11-25 - Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.
E&P Highlights: Oct. 28, 2024
2024-10-28 - Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
First Helium Plans Drilling of Two Oil Targets in Alberta
2024-11-29 - First Helium Inc. has identified 10 other sites in the Leduc formation.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.