Wavefield Inseis secures additional seismic vessel

Shanghai Offshore Petroleum Geophysical Corp. (SOPGC) has contracted to provide Wavefield Inseis ASA a one-and-a-half year bare-boat charter of the fully equipped 2D/source vessel Discoverer 2 .

Offshore staff

OSLO, Norway -- Shanghai Offshore Petroleum Geophysical Corp. (SOPGC) has contracted to provide Wavefield Inseis ASA a one-and-a-half year bare-boat charter of the fully equipped 2D/source vessel Discoverer 2 .

The new charter will commence in June 2008 with two one-year extension options and Wavefield Inseis already has secured several months backlog for the vessel.

"We are extremely pleased to be able to add this vessel to our fleet," says Atle Jacobsen, CEO of Wavefield Inseis. "TheDiscoverer 2 has already proved that it's a high performance 2D vessel and the charter will allow us immediately to deploy additional capacity into the very strong 2D market without any additional capex investments. The increase of the 2D fleet from three to four vessels will also improve the overall 2D fleet utilization and provide improved access to source vessels for our own permanent OBC systems and wide-azimuth surveys."

TheDiscoverer 2 was built in 1993 and was converted into a seismic 2D/source vessel in 1996. The vessel joins the rest of Wavefield Inseis's fleet of five high capacity 3D vessels and three 2D/source vessels, bringing the total fleet up to nine vessels.

04/17/2008

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