Global oil and gas seismic testing firm SeaBird Exploration has signed a letter of intent with TGS-NOPEC Geophysical Company (TGS) for up to 200,000 kilometres of 2D survey data in Mexico.
Subject to TGS obtaining seismic acquisition for the country’s offshore waters, the deal will allow the firm to charter up to four seismic vessels from SeaBird over the period of around 36 months.
The deal is estimated to be worth £60million – £69million ($100million – $115million) for the surveyor company.