Newbuild seismic vessel canceled

March 23, 2009
WesternGeco has exercised a contract right to cancel construction of a seismic vessel through Arrow Seismic Invest II Ltd., a Petroleum Geo-Services ASA subsidiary.

Offshore staff

LYSAKER, Norway --WesternGeco has exercised a contract right to cancel construction of a seismic vessel through Arrow Seismic Invest II Ltd., a Petroleum Geo-Services ASA subsidiary. Newbuild 532 was to be constructed by Factorias Vulcano in Spain.

PGS previously had noted the option to cancel on WesternGeco's part.

03/23/2009