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

Heerema Completes Installation of First Hornsea 3 Offshore Converter Station

Reach Subsea Secures Equinor Contracts for Uncrewed Vessel Operations

ClassNK Grants Approval for CO2 Carrier Design for CCS Project

Current News

Teledyne eXtreamer for Seismic Data Receives 2026 Spotlight on New Technology Award

Iran War Reshapes Global LNG Trade

US Exempts Gulf of Mexico Drillers from Endangered Species Rules

Fugro to Conduct Site Investigation for South America’s First Offshore Wind Project

Subscribe for OE Digital E‑News