Bergen, Norway, 11 October 2006. Wavefield Inseis is very pleased to announce today that its M/V Geowave Commander, the first of its fleet of large capacity 3D vessels, has commenced its first 3D survey. The survey is being conducted offshore Norway , in the Barents Sea , for Statoil and is the first project for this newly converted vessel.

Towing 8 streamers, each 4050m long, and dual airgun sources, the vessel went into production on the 30 th September after only 4 days of deployment and testing once on site. Since then it has been in steady production with over 1000 line Km shot to date.

“This is a great achievement with the vessel rapidly achieving steady production following delivery,” said Peter Hooper, Wavefield Inseis VP Operations. “This is a direct reflection of the dedication and hard work of our rigging team and offshore crews since the company start-up. We are very proud to be in efficient production for our client Statoil.”

Wavefield Inseis AS

Wavefield Inseis AS is a Norwegian marine geophysical company providing a high quality range of services including long offset 2D, high capacity 3D and full service permanent 4D acquisition. The company specialises in increasing the exploration success of its clients and assisting them in maximising production from their existing reservoirs.

www.wavefield-inseis.com

For further information contact:
Rick Donoghue, Vice President Marketing and Sales, Wavefield Inseis AS
Tel: +44 1293 897466
Email: rick.donoghue@wavefield-inseis.com

Press contact is Tom Miller at Vector Marketing Communications
Tel: +44 1442 877167
Email: tom.miller@vector.co.uk
Web: www.vector.co.uk