Wavefield Inseis ASA announced today that it has signed an agreement with Shanghai Offshore Petroleum Geophysical Corporation (SOPGC) for a 1-1/2-year Bare-Boat Charter of the fully equipped 2-D/source vessel Discoverer 2 with two single-year extension options.
The new charter will commence in June 2008, and Wavefield Inseis has already secured several months of 2-D backlog for the vessel. The new contracts are additions to the previously announced vessel backlog figures. The company has previous experience chartering the M/V Discoverer 2, and with the strong seismic market and a good operational track record, it expects the vessel to make a good financial contribution in its 2-D seismic segment during the charter period.
“We are extremely pleased to be able to add this vessel to our fleet,” said Atle Jacobsen, chief executive officer of Wavefield Inseis. ”The Discoverer 2 has already proved that it’s a high performance 2-D vessel, and the charter will allow us immediately to deploy additional capacity into the very strong 2-D market without any additional capital expenditure investments. The increase of the 2-D fleet from three to four vessels will also improve the overall 2-D fleet utilization and provide improved access to source vessels for our own permanent ocean bottom cable systems and wide-azimuth surveys.”
The Discoverer 2 was built in 1993 and was converted into a seismic 2-D/source vessel in 1996. The vessel joins the rest of Wavefield Inseis’s fleet of five high-capacity 3-D vessels and three 2-D/source vessels, bringing the total fleet up to nine vessels.
The originally planned
In January, the vessel owner of Geowave Master requested the vessel in for engine repair work, which resulted in three weeks lost production time. Based on client request, the Geowave Commander mobilized in the end of the first quarter for the
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