A Cyprus-based seismic specialist SeaBird Exploration PLC has entered into multiple contracts of a varying nature.
Firstly, SBX has entered into contracts for multiclient data sales relating to the Perdido survey in the US Gulf and for the late sales of a survey in the Barents Sea.
These two contracts represent values of approx. USD 2.5 million and USD 3.8 million respectively. Secondly, the contract concerning the Spectrum survey outside Namibia has been extended. The contract comprises approx. 7.000 kilometers and is expected to represent a value of approx. USD 3.5 million.
[mappress] Offshore Energy Today Staff, February 14, 2012; Image: Seabird