Bergen, Norway, 21 November 2006.Newly formed marine geophysical specialist, Wavefield Inseis AS, has opened its first Asia Pacific office in Perth , Australia . Designed to give the company closer access to the Asia Pacific marketplace, this expansion will enable Wavefield Inseis to enhance customer support within the region while also providing an ideal platform to support the company’s continued growth.

Wavefield Inseis’ first permanent presence within the Asia Pacific region, the Perth office will be headed by new Asia Pacific marketing and sales manager, Tim Spencer. With 28 years’ experience in the industry, Spencer joins the company after eight years with PGS Asia Pacific as geophysical operations manager.

Reporting directly to Rick Donoghue, Wavefield Inseis’ vice president sales and marketing, Spencer will be responsible for increasing the awareness of the company’s client services, together with leading the coordination of Wavefield’s marketing and sales activities throughout the Asia Pacific territory.

“As part of our strategic development, we have been planning to increase our presence in the Asia Pacific region for some time,” commented Donoghue. “The opening of the Perth office is an exciting development for us, but this is only the first of several initiatives we are currently pursuing in our strategy for growth.”

Commenting on Tim Spencer’s appointment, Donoghue added, “With extensive experience in the E&P industry, Tim will be a real asset to us and further strengthens our senior management team. He will play a key role in developing our Asia Pacific operation.”

“I’m delighted to join Wavefield Inseis,” commented Spencer. “I have been extremely impressed with the company’s achievements in such a short period of time and I look forward to helping build on this success in the Asia Pacific region.”

Company information

Wavefield Inseis is a Norwegian company providing a range of proprietary and non-exclusive multi-client marine geophysical services using highly specified vessels and the latest seismic equipment. From its main offices in Oslo and Bergen , Norway , Wavefield Inseis has a global reach, with activities in the Americas , Europe , Africa , the Middle East and Asia . The company was founded by a number of the most experienced people in the geophysical industry in order to provide a high quality range of services aimed at increasing the exploration success of its clients and to assist them in maximising production from their existing reservoirs.

Wavefield Inseis’ range of proprietary and non-exclusive Multi-client services includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment. The company is also a full service permanent 4D acquisition provider and will, through a number of strategic alliances, bring new technologies to market to further accelerate and de-risk the replenishment of its clients' reserves.

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