GC Rieber Shipping ASA announced today the extension of the option agreement with Kleven Maritime for the construction of a 3D high-capacity seismic vessel. The parties agreed to extend the option to the end of November 2013.
Reference is made to the stock exchange announcement dated 13 February 2013, regarding an agreement between GC Rieber Shipping ASA and Kleven Maritime AS for the construction of a 22 streamer 3D seismic vessel with ice-class 1A.
If exercised, the option will represent an investment of approximately NOK 700 million.
(1 Norwegian Krone equals 0.16 US Dollar)
[mappress] Source: gcrieber, September 2, 2013