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Wavefield Inseis ASA Oslo, Norway,5th June, 2008 - Wavefield Inseis today announced that they have received a letter of interim arrangement from BP Exploration Libya Ltd. for one of the world's largest 3D seismic acquisition and onboard processing contracts ever to be awarded.
The survey, which will take place in Libya's offshore Sirt basin, will be acquired with Wavefield's latest 3D vessel Geowave Endeavour and is expected to take approximately 1 year to complete. The contract will incorporate the industry's largest ever onboard processing project that includes SRME and full Pre-Stack Time Migration.
"This award is another confirmation that Wavefield Inseis are fully accepted as a professional supplier of high-end acquisition and onboard processing services. It's also a vital contribution to our strategy of improving the visibility of the company going forward" said Atle Jacobsen, CEO.
For further information, contact;
Rick Donoghue, VP Marketing and Sales Tel; +44 (0) 1293 897 466 Email: rick.donoghue@wavefield-inseis.com
About Wavefield Inseis ASA Wavefield Inseis ASA is a Norwegian marine geophysical company providing proprietary data acquisition services and offers a portfolio of non-exclusive Multi Client data to the global exploration community, developed in partnership with oil companies and governments. Our range of products includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment, including our OPTOWAVE(TM) multi-component ocean bottom cable (4C OBC) system for permanent seismic 4D monitoring that uses optical sensor technology. We are also in the process of launching a new concept for EM acquisition and data analysis. From our main offices in Bergen and Oslo, Norway, Wavefield Inseis has a global reach, with offices and activities in the Americas, Europe, Africa, the Middle East and Asia.
