Axxis Geo Announces Agreement for Sale of Vessel & New Charter Agreement

Source: www.gulfoilandgas.com 5/7/2021, Location: Europe

Reference is made to the stock exchange announcement by Axxis Geo Solutions ASA ("Axxis") on 3 May 2021 concerning the decision by the District Court of Asker and Bærum to confirm the reconstruction proposal, which was approved by the required majority of Axxis' creditors on 29 April 2021.

The Company has entered into an agreement with Sanco Holding AS ("Sanco") regarding the sale of the vessel "Neptune Naiad" including certain equipment, to Sanco (the "MOA"). Furthermore, Axxis Production AS, a wholly owned subsidiary of Axxis, has entered into a time charterparty for "Sanco Star" with Sanco for the chartering of the vessel (the "Charter Agreement") for use in connection with the contract with an international energy company for an Ocean Bottom Node (OBN) survey as disclosed in the stock exchange announcement on 30 November 2020.

Completion of the MOA and Charter Agreement are conditional upon, inter alia, the decision by the District Court of Asker and Bærum becoming legally binding.


Australia >>  6/17/2021 - Searcher, a leading service provider of global multi-client geoscience products for exploration & production companies, announced it has released angl...
Australia >>  6/15/2021 - Mosman Oil and Gas Limited, the oil exploration, development, and production company, advises that the airborne gravity and gradiometry survey over EP...

Guyana >>  6/14/2021 - C-Innovation, LLC (C-I), an a?liate of Edison Chouest Offshore (ECO) and its family of companies, has successfully completed its first remote survey s...
Canada >>  6/10/2021 - TGS, a global provider of energy data and intelligence, today announced Hipp Creek 3D, a new Onshore multi-client 3D seismic survey within the Montney...

Brazil >>  6/9/2021 - PGS has revitalized 3D data over the Bauna field in southwest Santos Basin and its surrounding area. This preprocessed dataset is now available for ev...
Brazil >>  6/9/2021 - Petrobras will start the first of two seismic acquisitions for the project to monitor the Sapinhoa field, in the pre-salt of the Santos Basin. Seismic...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.