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Brazilian 2D exploration contract signed

10th April 2012

Renewed contract worth up to USD 8m signed between oil fields services company and seismic specialists

Seismic survey company granted extension deal

Seismic data company, SeaBird Exploration PLC has received an extension from Spectrum on the contract for the Hawk Explorer vessel in Brazil.

The extension has a contract value of approximately USD 7-8m and is due to be completed by September.

Spectrum in May 2011 signed a frame agreement with SeaBird for the acquisition of 2D seismic data worth USD23m over 36 months.
Under the Re-Let Agreement the bareboat charter of the GGS Atlantic will be assigned to SBX until August 2012.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry.

Main success criteria for the company are an unrelenting focus on Health, Safety, Security, Environment and Quality (HSSEQ), combined with efficient collection of high quality seismic data.


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