RXT Announces Gulf Survey Contract

Reservoir Exploration Technology ASA (RXT) has signed a letter of intent for a contract in the Gulf of Mexico. The survey duration is estimated to be around 2 months, with a possible phase two of a further four months to be started later in the year.

The survey will be acquired with "RXT1."

Reservoir Exploration Technology ASA (RXT) is a marine geophysical company specializing in multi component seismic sea-floor acquisition. Multi component seismic solves several imaging challenges that cannot be resolved with towed streamer seismic, and targets improved oil recovery from existing fields. The technology also gives better data quality for exploration, and is also the solution where towed streamers are impractical due to high density of platforms and/ or shallow waters. The Company has offices in Oslo, London and Houston.

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