The Cyprus-based SED Energy Holdings Plc (Energy Holdings) has announced that its wholly owned subsidiary, SeaBird Exploration (SeaBird), has signed a new contract for ocean bottom nodes (OBN) source work for the Fulmar Explorer in the Western Hemisphere.
Energy Holding states that the contract has a firm duration of three months, with options that could extend the total period to nine months.
The commencement of the fixed contract is expected mid-September and is done on commercial terms in line with prevailing market conditions for SeaBird’s vessels over the past year.
“This award reflects continued healthy demand for our assets. By securing additional backlog, we further enhance forward earnings visibility and support our long-term strategy for shareholder distributions,” says Kurt M. Waldeland, CEO of Energy Holdings.
“This award confirms both the high quality of our vessel and the strong capabilities of our team. Our proven track record in delivering safe, reliable, and efficient projects continues to be recognized by clients, and we look forward to executing this campaign to the highest standard,” adds Finn Atle Hamre, CEO of SeaBird.
