SeaBird Exploration: SeaBird enters option agreement with TGS Nopec for up to 600 days of 2D seismic

SeaBird Exploration: SeaBird enters option agreement with TGS Nopec for up to 600 days of 2D seismic services

ID: 554539

(Thomson Reuters ONE) -


31 July 2017, Limassol, Cyprus

SeaBird Exploration is pleased to announce that it has entered into an option
agreement with TGS Nopec to provide up to 600 vessel days of seismic services.
The agreement offers TGS access to one or more SeaBird vessels to perform
seismic services on a global basis. Call-off under this option agreement may be
made by TGS at its option throughout 2017 and the agreement will be extended
through 2018 under certain conditions.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, 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/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety, Security and Environment (QHSE), 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 pursuant to section
5-12 of the Norwegian Securities Trading Act.



For further queries contact:


Christophe Debouvry
CEO SeaBird Exploration
Phone: +4722402705

or

Nils Haugestad
CFO SeaBird Exploration




Phone: +4722402717





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SeaBird Exploration Plc via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 31.07.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 554539
Anzahl Zeichen: 2506

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