Seabird Exploration Plc announced that it has signed a Letter of Award for OBN source services in the Western Hemisphere spanning several projects. The duration of the contract is 2 years, the counterparty is a repeat tier 1 client and the Fulmar Explorer will perform the services. The contract is expected to commence in September 2023 in direct continuation of the current contract.

The contracted dayrates are reflective of an improving OBN market.