SeaBird Exploration secures new contract plus pre-funding for increased MC2D survey scope

SeaBird Exploration and its partner MultiClient Geophysical (MCG) have secured additional funding from a major oil company relating to the ongoing multi-client 2D imaging (MC2D) project in North West Europe.

The pre-funding commitment is based on a revised scope increasing the survey from its initial 6,000 kilometres to approximately 16,000 kilometres.

Due to the planned increased survey scope and current inclement weather in the operative area, a decision has been made to suspend the survey for the 2018 season. The survey is expected to re-commence in the first half of 2019, provided further pre-funding has been secured.

SeaBird has also been awarded a contract for a proprietary 2D survey in North West Europe. The project is due to commence imminently and will have a duration of about two weeks with an estimated contract value of approximately US$1 million.

SeaBird will be using Harrier Explorer (pictured) for the work.