Statoil contracts two seismic vessels for 2007

Statoil has signed a letter of intent with Wavefield InSeis to charter two vessels for the 2007 season.

Offshore staff

STAVANGER, Norway -- Statoil has signed a letter of intent with Wavefield InSeis to charter two vessels for the 2007 season.

The vesselsGeowave Commander and Geowave Champion are scheduled to gather 4,000-5,000 sq. km of 3D seismic data starting May 2007, mostly on the Norwegian continental shelf.

"The group has obtained much new acreage in recent years," said Tim Dodson, senior vice president for exploration in Statoil's Norwegian exploration and production area, "and there is a need for three-dimensional seismic data in most of these areas in order to mature drillable prospects."

9/8/06

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