Norwegian seismic company Seabird has posted third-quarter results revealing a 196% increase in revenues year-over-year to $16 million, up from $5.4 million a year ago.
In the third quarter of 2019, however, Seabird’s losses dipped to $5 million, compared to a loss of $4,6 million in the corresponding period a year earlier.
The company had five vessels in operation during the quarter, representing 68% fleet utilisation, contrasting with three vessels on projects (55% utilisation) in...