SeaBird Exploration Limited
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SeaBird Exploration Limited - overview
Location
Oslo, -, Norway
Primary Industry
Oil & Gas
About
SeaBird Exploration Limited provides specialized marine acquisition services, focusing on 2D seismic data and source vessel operations tailored for the oil and gas industry, facilitating energy exploration and development. SeaBird Exploration Limited is engaged in marine acquisition services centered on seismic data for the oil and gas sector. The company's headquarters are located in Oslo, Norway. Finn Hamre serves as the CEO.
The company was formed to cater specifically to the niche needs of energy exploration, leveraging proprietary technology in seismic surveys. SeaBird Exploration specializes in marine acquisition services, focusing on 2D seismic data and source vessel operations tailored for the Oil & Gas industry. The company's primary offerings include proprietary seismic surveys, essential for energy exploration and development. Their operations serve the source vessel market and niche 3D seismic acquisition, primarily catering to oil and gas exploration companies needing detailed subsurface imaging to inform their drilling strategies.
Their products are utilized in offshore regions across the Americas, Europe, and parts of Asia. In 2023, SeaBird Exploration reported revenue of USD 7. 08 mn and an EBITDA of USD 3. 58 mn.
The company generates revenue through contracts for seismic data acquisition services, providing tailored seismic survey services that align with specific client requirements. The revenue structures often revolve around project-based contracts where clients compensate for the duration and complexity of services rendered.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas
Website
www.sbexp.com
Total Amount Raised
Subscriber access only
SeaBird Exploration Limited - timeline of key events
SeaBird Exploration Limited - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 26,184,892 | 26,167,248 | 114,295,858 | 183,507,023 | 22,585,954 | 39,312,545 | 38,855,451 | 66,328,717 | 69,766,893 | 149,516,233 | 191,483,992 | 90,794,520 | 49,074,656 | - | - | - |
| % Revenue Growth (YoY) | - | (0.1%) | 336.8% | 60.6% | (87.7%) | 74.1% | (1.2%) | 70.7% | 5.2% | 114.3% | 28.1% | (52.6%) | (45.9%) | - | - | - |
| EBITDA (USD) | 1,895,270 | 2,932,463 | (202,515) | (4,362,759) | 1,017,878 | (8,219,651) | (1,368,961) | (13,093,821) | 10,627,759 | (35,728,764) | (2,030,846) | (15,598,654) | 11,899,092 | - | - | - |
| Operating Income (USD) | 1,317,741 | 2,491,816 | (416,750) | (4,455,522) | 823,782 | (9,096,147) | (2,882,636) | (15,156,475) | 8,667,855 | (36,996,037) | (19,333,193) | (38,915,981) | (18,669,075) | - | - | - |
| Operating Margin | 5.0% | 9.5% | (0.4%) | (2.4%) | 3.6% | (23.1%) | (7.4%) | (22.9%) | 12.4% | (24.7%) | (10.1%) | (42.9%) | (38.0%) | - | - | - |
| % EBITDA Margin | 7.2% | 11.2% | (0.2%) | (2.4%) | 4.5% | (20.9%) | (3.5%) | (19.7%) | 15.2% | (23.9%) | (1.1%) | (17.2%) | 24.2% | - | - | - |
| NET Income (USD) | 1,986,542 | 1,161,093 | 885,409 | 758,512 | 3,054,253 | (9,175,945) | (6,289,195) | (15,779,349) | 7,316,116 | (36,443,175) | (17,651,132) | (46,027,234) | (59,508,659) | - | - | - |
| % Net Margin | 7.6% | 4.4% | 0.8% | 0.4% | 13.5% | (23.3%) | (16.2%) | (23.8%) | 10.5% | (24.4%) | (9.2%) | (50.7%) | (121.3%) | - | - | - |
SeaBird Exploration Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | SeaBed Geophysical AS | - |
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SeaBird Exploration Limited - employee data
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