wavefield inseis receives major contract to survey in libya

Wavefield Inseis Receives Major Contract To Survey in Libya

06-06-2008

Wavefield Inseis 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 CEO, Atle Jacobsen.