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.
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