SeaBird has reported third quarter revenues of $3 million, down from $16 million in Q3 2019 and an EBITDA loss of $0.6 million compared with a $1.6 million loss in Q3 2019.
SeaBird has reported third quarter revenues of $3 million, down from $16 million in Q3 2019 and an EBITDA loss of $0.6 million compared with a $1.6 million loss in Q3 2019.
Vessel utilization of 28% was down from 68% in Q3 2019. However, it reported that tendering activity improved in October and announced a 2D award in the Eastern Hemisphere after the end of the quarter.
The company will announce a new business area geared towards the green transition before the end of the year.
It has also won a contract for a 2D survey in the Asia Pacific region. The survey is expected to start in Q1 2021, with an estimated duration of 120 days.
