Petroleum Africa
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Monday, July 25, 2022
Green Energy Group (SeaBird Exploration) has received a Letter of Award for a 2D campaign in the Eastern Hemisphere with a duration of approximately nine months. The contract is expected to commence in September this year with rates reflective of an improving 2D market.
The company`s backlog currently shows a combined 23 months of work to be performed over the coming 14 months with a projected EBITDA contribution of approximately $18 million. As previously communicated, the company holds considerable capacity for further contracts both in 2D and OBN source
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