GC Rieber Shipping Delays Seismic Vessel Decision

GC Rieber Shipping ASA has extended the option to order a 3D seismic vessel from Kleven Maritime AS until the end of January 2014.

Reference is made to the stock exchange announcements dated 13 February 2013 and 2 September 2013, regarding an agreement between GC Rieber Shipping ASA and Kleven Maritime AS about building a 3D high capacity seismic vessel with ice- class 1A*. The agreement was entered with an option for one additional vessel of the same type.

The parties have today entered a new supplementary agreement of extending the option to the end of January 2014.

The advanced seismic vessel, if ordered, will have ice-class 1A*, which enables it to navigate in and out of ice infested areas. The vessel will be 113 meters long and 21.5 meters wide, and will have the capacity to accommodate 70 people. The vessel will be equipped with the capacity to tow 22 streamers.

[mappress]
December 06, 2013