Statoil Hires Wavefield Geophysical for 3D Survey Offshore Norway

Following its recent launch, Wavefield Geophysical has already received a letter of intent from Statoil to carry out a large-scale 3D towed streamer survey offshore Norway.

Due to commence in Q3 2006, the survey is expected to take two to three months and will utilize Wavefield's "Geowave Commander" vessel. The newly commissioned vessel is being equipped with some of the latest seismic equipment available and will acquire the survey with eight streamers (6km each in length) and dual sources.

"We are delighted to have been approached by Statoil for such a prestigious project," commented Rick Donoghue, Vice President Marketing and Sales, Wavefield Geophysical AS. He continued, "Despite only commencing activities in early 2006, it is a clear demonstration of our management team's international reputation for delivering innovative and highly effective solutions."

Launched in January 2006, Wavefield was formed by a number of the most experienced professionals in the geophysical industry to provide a high quality range of services, designed to increase its clients' exploration success and to assist them in maximizing production from their existing reservoirs.

With headquarters in Bergen, Norway, the company has a global reach that covers the Americas, Europe, Africa, the Middle East and the Asia Pacific region. Wavefield's range of services includes long offset 2D and high capacity 3D acquisition, together with full service permanent 4D acquisition and - through a number of strategic global alliances - the company has plans to bring new technologies to market to further accelerate and de-risk the replenishment of its clients' reserves.

Together with the deployment of highly specified vessels and the very latest seismic equipment, Wavefield personnel all have a common recent history and know the strengths that a dedicated, highly flexible and responsive team can bring to any project. Whether it is a conventional towed streamer survey, or a complex project that involves feasibility studies, front-end engineering and bespoke equipment design and processes - projects such as permanent seismic array installation, deep water OBC surveys, and one-off shallow water and source vessel rigging - Wavefield Geophysical brings years of industry experience and best practice to all projects.