ROVworld Subsea Information

GEO acquires vessels
Date: Friday, December 30, 2005 @ 06:11:48 EST

GEO ASA has agreed to buy two cable laying vessels from Japan.
GEO's new vessels, acquired under a $50 million deal, are scheduled for delivery ultimo January 2006. They were built in 1998 and 2000, have a total length of respectively 98 m and 117m, and will be used in the offshore/seismic market.

December 30, 2005



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