Seabird Exploration : - 3D Seismic Contract
02/27/2012| 04:49am US/Eastern
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Cyprus, 27 February 2012
SeaBird Exploration PLC ('SeaBird' or 'SBX')
has received a Letter of Award for a major contract of 3D
seismic work from a major oil company offshore Sub Sahara
Africa. The contract represents a value in the range of US$
11-12 million. The work will commence in early Q2 2012 and
has an expected duration of several months. Seabird will use
the 4-streamer vessel Voyager Explorer for the work.
For further queries contact:
Jan-Eivind Fondal
CEO SeaBird Exploration
Phone: +47 46886200
SeaBird Exploration PLC "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 specialises 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/4D market. Main focus
for the company is proprietary seismic surveys (contract
seismic). 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
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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