USA: seabed seismic contract

SeaBird Exploration Ltd has received a letter of award from BP Exploration & Production Inc. for an ocean bottom nodes (OBN) seismic acquisition survey in Green Canyon, Gulf of Mexico, USA. The survey will be done in the range of 1300-2300m water depth and carried out with the OBN vessel “Hugin Explorer” and “Kondor Explorer” as a separate source vessel. The contract has an expected duration of around 3 months and is expected to yield an average day rate including mobilization and demobilization in line with our current guiding in excess of USD 200,000 for OBN surveys, Hugin Explorer and USD 60-65,000 for source vessels, Kondor Explorer. This survey will commence upon completion of the current contract Total E&P Angola, estimated to February 2009.
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