Wednesday, December 5, 2007

StatoilHydro Secures Six Seismic Vessels

StatoilHydro has signed a letter of intent for six seismic acquisition vessels, which will gather data on the Norwegian continental shelf.

The deal's value is estimated at NOK 1.8 billion. Secured seismic capacity includes three petroleum geo-service (PGS) vessels - Ramform Challenger, Ramform Sovereign and Atlantic Explorer, as well as Fugro Geoteam's Geo Celtic, Wavefield Inseis's Geowave Commander and Western Geco's Geco Triton. Bjarte Ydstebø, vice president for drilling and well acquisitions in StatoilHydro says that the six vessels allow us to map large areas and the seismic data will give us a better foundation for finding drilling targets on the NCS. StatoilHydro NCS seismic activity will cover some 6,000 square kilometers of 3-D and 2,500 square kilometers of 4-D surveys.

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