SeaBird awarded an OBN contract with Shell Nigeria Exploration & Production Company Limited
(Thomson Reuters ONE) -
17(th) August 2010. Cyprus:
SeaBird Exploration PLC ('SeaBird" or "SBX") together with our local partners
Sonar Limited are pleased to announce the signing of an Interim Agreement with
Shell Nigeria Exploration & Production Company Limited for the acquisition of an
ocean bottom node seismic survey in Nigeria. The survey will be conducted by the
Hugin Explorer with a capacity of 750 proprietary autonomous CASE Abyss nodes
onboard and the source vessel Munin Explorer. Mobilization started 12 August in
direct continuation from the node survey in the North Sea for Chevron. The
survey will commence on the field around mid-September 2010 with an expected
duration of approximately 3 months including mobilization and demobilization.
The contract is subject to the signing of a final agreement.
Sonar Limited's Vice Chairman Mr. Robert Bakre states "This is another
significant boost in applying modern ocean bottom node seismic survey technology
to understanding our reservoirs in Nigeria. We are particularly pleased with
this opportunity and with our partners SeaBird Exploration; we look forward to
delivering world class results to Shell Nigeria Exploration & Production Company
Limited and partners".
For further queries contact:
Tim Isden
CEO SeaBird Exploration
Phone: + 971 504 539075
Kai Solberg-Hansen
CFO SeaBird Exploration
Phone: + 47 920 51455
- - -
SeaBird Exploration PLC `SeaBird` is a global provider of marine 2D and 3D
seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, and
associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow water 2D/3D market. Main focus for the
company is proprietary seismic surveys (contract seismic). SeaBird does not have
a multi-client data library. Main success criteria for the company are an
unrelenting focus on Health, Safety, Security, Environment and Quality (HSSEQ),
combined with efficient collection of high quality seismic data.
All statements in this press release other than statements of historical fact
are forward-looking statements and are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include SeaBird`s reliance on a cyclical industry and the utilization of the
company's vessels. Actual results may differ substantially from those expected
or projected in the forward-looking statements.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1438166]
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: SeaBird Exploration Ltd. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 17.08.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 39736
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"SeaBird awarded an OBN contract with Shell Nigeria Exploration & Production Company Limited"
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