SeaBird signed a letter of intent (LOI) with TGS-NOSPEC Geophysical to acquire up to 200,000 km of 2D geophysical data offshore Mexico. The expected value of the contract is approximately USD 110 million to USD 115 million. The LOI provides TGS access to charter up to four seismic vessels from SeaBird over a period of approximately 36 months, estimated to commence in 4th quarter 2014.
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