SeaBird Bags Second Contract for Chevron's Rosebank Field

SeaBird announced through its wholly owned subsidiary SeaBird Exploration FZLLC the execution of a second contract with Chevron North Sea (on behalf of itself and the other Rosebank partners: Statoil, OMV, and DONG) for the next stage of the acquisition of the ocean bottom node seismic survey West of Shetland at approximately 1,200m water depth. The purpose of this full azimuth 4C-3D node survey is to acquire multi-component data for improved reservoir imaging and characterization. The survey will be conducted with the two survey vessels Hugin Explorer and Munin Explorer. Hugin Explorer will cover a node survey area with approximately 1200 node positions using SeaBird's proprietary autonomous CASE Abyss nodes. The source vessel Munin Explorer is planned to execute a full azimuth dense shooting program of 350 square kilometers over a period of four months. The survey will start beginning of May 2011 and mobilization will commence one month prior.