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Seabird Awarded 2D & 3D Seismic Contracts

Source: www.gulfoilandgas.com 4/14/2010, Location: Not categorized

SeaBird Exploration Limited is pleased to provide a contract update regarding its business activities. Further continuing a successful series of surveys in the Far East and Australia that began late October 2009, the Aquila Explorer has been awarded two further surveys in South East Asia and one in Australia with a combined total of approximately 4,500 km.

The surveys will commence after completion of her current survey for the Victorian Government and her previously reported next survey in South-east Asia. After these new surveys are completed this positions the vessel back in Australia at the beginning of Q4 after her scheduled dry-docking in September, continues her employment through October 2010 and contributes about USD 3 million additional revenue to that previously reported.

A Letter of Intent has been signed for the Geo Mariner to commence a 3D survey of approximately 350 sqkm in West Africa commencing mid April after having been idle for part of Q1. This survey will generate about USD 5 million and employ the vessel through mid to end July 2010.

The Northern Explorer has been awarded a contract of 15,500 km in continuation of her current survey schedule in Indonesia. This survey will generate about USD 9 million and commence immediately after her scheduled dry-docking in Q2, employing the vessel through to approximately end October 2010.

SBX can confirm now that the vessel to carry out the previously awarded and reported survey in East Africa of approximately 5,000 km commencing mid to late April will be the Osprey Explorer and employ the vessel through end May 2010.

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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