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SeaBird Exploration Plc ( (DE:E36) ) has shared an update.
Energy Holdings’ subsidiary, Energy Drilling, has secured a five-year contract with PTTEP for an offshore drilling campaign, utilizing its EDrill-2 rig. This contract, valued at up to USD 250 million, enhances Energy Holdings’ position in the Southeast Asian market, boosts its revenue backlog, and supports sustainable cash flows and shareholder distributions.
More about SeaBird Exploration Plc
Energy Holdings is an industrial partner with a diversified portfolio of cash-generative assets, focusing on distributing excess liquidity to shareholders while pursuing value-accretive growth. Its subsidiaries include Energy Drilling, a leading operator of tender-assisted drilling rigs, and SeaBird Exploration, a provider of marine seismic acquisition data to the oil and gas industry.
Average Trading Volume: 334,581
Current Market Cap: NOK711.6M
See more data about E36 stock on TipRanks’ Stock Analysis page.