The purchase price includes all seismic equipment onboard the vessel, Oslo-listed SeaBird said in a statement.
It stated that all future lease payments and additional obligations under the charter agreement would now be cancelled.
SeaBird Exploration has paid only $1.1 million to acquire the vessel Hawk Explorer that has previously been chartered in by the Norwegian seismic player.
The purchase price includes all seismic equipment onboard the vessel, Oslo-listed SeaBird said in a statement.
It stated that all future lease payments and additional obligations under the charter agreement would now be cancelled.