GGS Begins New Phase of West Florida Seismic

Global Geo Services ASA (GGS) said that its newly rigged seismic vessel, GGS Atlantic has started production on Phase 3 of the GGS-Spectrum Big Wave program West of Florida.

The project which has secured significant pre-funding, is located in the part of the Eastern Gulf of Mexico, which the US Congress opened up for exploration in late-2006.

GGS Atlantic is a state-of-the-art 2D survey vessel capable of carrying out long offset data acquisition. The vessel is planned to collect Phase 3 data for about 3 months and thereafter scheduled to move to Bahamas to carry out contract work reported in a notice to the stock exchange on March 21, 2007.

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