RXT's 'Ocean Pearl' En Route to West Africa

Reservoir Exploration Technology ASA (RXT) said that its "Ocean Pearl" seismic vessel is on its way to West Africa.

Although RXT has not yet signed any agreement for work in West Africa, the company is confident that the vessel will be on contract within a short timeframe. As the company has announced, RXT has significant outstanding tenders in West-Africa.

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. It 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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