Ocean Yield delivers Geco Triton

OE Staff
Tuesday, December 23, 2014

Ocean Yield delivered the survey vessel Geco Triton to Schlumberger subsidiary WesternGeco, netting US$8.2 million for the vessel.

Geco Triton was built in 1991 and remains under a charter arrangement to WesternGeco until December 2015. 

The firm has also increased a loan facility by US$50.5 million. 

The loan will be used to fund the equity portion of investments in vessels and for general corporate purposes. 

Ocean Yield is a ship owning company with investments within oil-service and industrial shipping. The company focuses on modern assets with long-term charters to solid counterparties. 

Categories: Vessels Seismic

Related Stories

Solstad Offshore Nets $60M in New Vessel Contracts

DeepOcean Lands Its Largest IMR Contract to Date for Equinor’s Norwegian Assets

Norwind Offshore Takes Delivery of Vard-Built CSOV

Current News

Oil Edges to 2-Week High on Ukraine News

EMGS to Conduct CSEM Survey Offshore India

Poland to Open New Areas for Offshore Wind Development in Baltic Sea

Swedish Firm Eyes Multi-Megawatt Wave Energy Farm Off Grenada

Subscribe for OE Digital E‑News