SeaBird and Searcher Seismic in partnership for MC2D in the Barents Sea - Q2 2013
SeaBird Exploration Plc ("SeaBird") has partnered with Searcher Seismic Pty Ltd ("Searcher Seismic") on the multi-client 12,000 km Snøspurv 2D high resolution seismic survey covering the Bjarmeland Platform in the Norwegian Barents Sea. The survey is scheduled to commence in Q2 2013 and is estimated to take 4 months to complete.
The platform area consists of several play types already proven in other parts of the Barents Sea and the survey will be undertaken to specifically target the prospective Triassic-Jurassic sections to the south and west. In addition, the Carboniferous/Permian and the Triassic section will be the main exploration targets to the northern part of the survey area.
No exploration wells have been drilled to date in the Bjarmeland Platform, despite covering an area of almost 35,000 km2. As well as unlocking the potential of this vast area, the survey will also provide the necessary link for regional interpretation into the promising South Eastern Barents frontier which is soon to be opened for exploration.
Data will be available for participating companies from Q3 2013.
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. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). 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. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further queries contact:
CEO SeaBird Exploration
Phone: +47 90883737
CFO SeaBird Exploration
Phone: +971 4 427 1700