SeaBird has received a letter of award from BP Exploration & Production Inc. for an ocean bottom nodes ("OBN") seismic acquisition survey in Green Canyon, Gulf of Mexico, USA. This survey will commence upon completion of the current contract Total E&P Angola, estimated to February 2009.
The survey will be done in the range of 1,300-2,300 meters water depth and carried out with the state of the art OBN vessel "Hugin Explorer" and "Kondor Explorer" as a separate source vessel. The contract has an expected duration of around 3 months and is expected to yield an average day rate including mobilization and demobilization in line with our current guiding in excess of US $200,000 for OBN surveys (Hugin Explorer) and US $60-65,000 for source vessels (Kondor Explorer).
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