Offshore staff

LYSAKER, Norway –Wavefield Inseis has expanded its marine 3D seismic capacity with the acquisition of a vessel currently under construction in Asia. With a fully outfitted capex of $140 million, the vessel is scheduled for operation in 3Q 2008.

Steelwork on the 95-m (312-ft) hull is complete and the engines, compressors, thrusters, winches, and handling equipment are installed on the 10-streamer-capacity vessel, says Wavefield. The vessel had been ordered by another contractor which could not take delivery.

"Our time to market with this top of the range high capacity vessel will mean we will further improve our ability to operate in the very profitable high-end market segments of 4D, multi-azimuth and wide-azimuth acquisition," says Atle Jacobsen, Wavefield Inseis CEO.

10/17/2007