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Scan Geophysical Awarded Seismic Contract for Offshore Libya

04-28-2008

SCAN Geophysical ASA (SCAN) has confirmed receipt of a contract award from Hess Libya Exploration Limited (Hess) for approximately 4,000 km of 2D marine seismic work off Libya, to be acquired by the high-capacity seismic 2D vessel M/V Geo Searcher.

“We are extremely pleased that Hess chose to award SCAN this important work” said Kjell Karlsson, Vice President of Marketing and Sales for SCAN. “The Geo Searcher is being mobilized from a previous work location off Pakistan where the vessel successfully completed a large 2D program for another super major oil company. SCAN expects to begin the Hess work during the next few days” he added.

SCAN Geophysical ASA is an international seismic data acquisition company specializing in both marine streamer seismic and ocean bottom seismic. The company is currently operating one 2D and one 3D streamer vessel, and will very soon launch one 2002-built 3D vessel and three new-build state-of-the-art 10 streamer 3D vessels during 2008/09. Administration is located in Oslo, with representatives in Caracas, Houston and Singapore.