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Norway’s Arrow Seismic Invest, a subsidiary of oilfield service company Petroleum Geo-Services, has sold its seismic vessel Geo Atlantic to Norwegian shipping company GC Rieber Shipping for $58m. The deal is part of an attempt to generate $200m in sales in 2009. The sale is
Norway’s Arrow Seismic Invest, a subsidiary of oilfield service company Petroleum Geo-Services, has sold its seismic vessel Geo Atlantic to Norwegian shipping company GC Rieber Shipping for $58m.
The deal is part of an attempt to generate $200m in sales in 2009.
The sale is expected to reduce debt and strengthen Arrow’s balance sheet, the company said.
Marine Chains and Anchors
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