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Viking Vanquish

Eidesvik and CGG have agreed on changes to the bareboatcontract for the seismic
vessel Viking Vanquish that expires in November 2020 effective from January 2017.
The dayrate will be reduced for the rest of the contract. Eidesvik will receive listed
senior notes maturing 2021 and other debt instruments as compensation.

The reduced dayrate will be taken into consideration when Eidesvik evaluates
the value of the vessel in the 4th quarter 2016 accounts.

 

 

 

 

Changes to the bareboatcontract

Eidesvik and CGG have agreed on changes to the bareboatcontract for the seismic
vessel Viking Vanquish that expires in November 2020 effective from January 2017.
The dayrate will be reduced for the rest of the contract. Eidesvik will receive listed
senior notes maturing 2021 and other debt instruments as compensation.

The reduced dayrate will be taken into consideration when Eidesvik evaluates
the value of the vessel in the 4th quarter 2016 accounts.

 

 

 

 

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EIDESVIK OFFSHORE ASA / phone +47 53 44 80 00