Reference is made to Seabird Exploration's (the "Company") press release on 21 May 2024 regarding an OBN source contract award in the Western Hemisphere of 6 months plus options to extend by another 6 + 6 months for the 'Eagle Explorer'. The Company has announced that the Client and Company have mutually agreed to extend the contracts firm duration from 6 months to 12 months with two 6-month options. The Eagle Explorer is currently mobilizing and is expected to commence the contract by end-June. With this latest award, the Company's firm backlog has increased to 26 months, or 38 months when including the options. The Fulmar Explorer has firm commitments until September 2025 and Eagle Explorer until July 2025.
Eagle Explorer. Source: Seabird Exploration
Source: Seabird Exploration
