GX Technology Awards East Africa 2d Shoot to Scan Geophysical

SCAN Geophysical has been selected by GX Technology to acquire up to 9,000 kilometers of long offset 2D data offshore East Africa as part of GXT's East AfricaSPAN program.

Acquisition of the program is underway and is estimated to take another six weeks to complete. SCAN's 2D vessel, the M/V Geo Searcher, is conducting the survey, using a long offset streamer and a high output source. This is the second 2D survey SCAN has conducted for GXT within the last 12 months. The company successfully recorded approximately 17,000 kilometers for GXT offshore India between February and October, 2006, using the same vessel. GXT is now selling data from this ultra-deep, multi-client library under the IndiaSPAN name to oil & gas companies around the world.

"We are delighted to continue working with GXT to acquire data in this important region," said Stephane Touche, Chief Operating Officer of SCAN. "Repeat work is always encouraging and we believe the performance of the Geo Searcher and its crew has been exemplary."

SCAN Geophysical ASA was established in 2002 as a Norwegian seismic data acquisition company specializing in both marine streamer seismic and ocean bottom seismic. The company is currently operating one 2D and one 3D streamer vessel, and will soon launch three new state-of-the-art 3D vessels and one 2002-built 2D vessel. Administration is located in Oslo, with representatives in Moscow, Houston, Singapore and Caracas. SCAN Geophysical ASA is listed on the Norwegian OTC list (SCAN).


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