HPR ROV Logo
HPR ROV Logo

SeaBird Sells Seismic Data License in Brazil


SeaBird Exploration has sold a seismic data license over Rio Grande Rise in Brazil.

SeaBird’s share of the sale is approximately $0.8 million. The license sale relates to assets which previously have been written down to $0.2 million on the balance sheet, the company explained.

The company will therefore report a gain of $0.7 million in quarter one, related to this transaction.

SeaBird holds a number of assets with zero book value following impairment testing and write-downs in recent years. These assets comprise of both multi-client surveys as well as trade receivables.

The company will continue working towards monetizing these assets going forward.





Source link

Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
envelope-ophonemap-ocrossmenuchevron-down
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram