SCAN Geophysical ASA announced that the company has signed an agreement with V.Ships Management Limited for marine management of SCAN’s three new-build high capacity 3-D streamer vessels, due to be launched in 2008.
The agreement, which calls for V.Ships to manage the SCAN vessels for 10 years, was entered into in connection with the closing of the recently announced sale lease-back transaction with Ship Finance International Ltd. on bare boat basis.
SCAN’s new vessels are purpose-built 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.
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