SeaBird completes ‘Boa Thalassa’ buy

Seismic vessel operator SeaBird Exploration has completed the previously announced acquisition of the BOA Thalassa vessel.

BOA Thalassa; Image by: Trondheim Havn; Source: Flickr – under the CC BY-SA 2.0 license
BOA Thalassa; Image by Trondheim Havn; Source: Flickr – under the CC BY-SA 2.0 license

“The Company has today completed the acquisition of BOA Thalassa for a purchase price of NOK 92,500,000 [~$10.6 million]. NOK 64,833,553 has been paid in cash, and NOK 27,666,447 has been paid in the form of 23,055,373 new shares of the Company,” SeaBird said on Thursday afternoon.

As previously reported, SeaBird, which first announced the intention to buy the vessels in April, late in May reached final agreements with BOA SBL to acquire the Boa Thalassa and Boa Galatea vessels.”

SeaBird previously said that the transaction for the acquisition of the BOA Galatea and BOA Thalassa vessels would be worth around 185 million NOK ($21.7 million).

The completion of the acquisition of BOA Galatea is in progress and will complete later, expected in July/August 2019, SeaBird said on Thursday.

Offshore Energy Today Staff

Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.