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News > Press releases > 7 December 2006
Wavefield Inseis awarded Petrobras
Libya 3D seismic contract
Bergen, Norway, 7 December 2006. Wavefield Inseis has been commissioned by Petrobras to carry out a seismic survey in the south east Mediterranean. The project, due to commence in February or March 2007, is expected to take one and a half months and will involve a 3D marine survey over Petrobras' licence offshore Libya. Located in block 18 within the Pelagian Basin, the 850 km2 survey will be acquired by the M/V Geowave Commander. Built in 1998 and converted by Wavefield Inseis earlier this year into one of the world's most modern 3D vessels, this high capacity eight streamer vessel is perfectly suited for this type of large scale exploration 3D project. After a rigorous tendering process, Petrobras selected Norwegian-based Wavefield Inseis for the project ahead of a number of other operators. The first time the companies have worked together, the survey will utilise Wavefield Inseis' leading edge acquisition technology and extensive experience of 3D marine projects. Commenting on the award, Rick Donoghue, Wavefield Inseis' vice president sales and marketing, said, "The fact that Wavefield Inseis is seen as the most appropriate partner for such a project underlines our capability and track-record of delivering high quality products." Donoghue added, "The agreement with Petrobras represents another step towards our goal of becoming a leading full service geophysical company." Company information Wavefield Inseis’ range of services includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquisition. 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. For further information contact: Or Erik Hokholt, CFO, Wavefield Inseis AS Press contact is Tom Miller at Vector Marketing Communications
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