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    Wavefield Inseis provides update on status of new vessels

    Vessel & ROV News // July 24, 2007

    Seismic specialist Wavefield Inseis says its high end 12 streamer capacity 3-D vessel Geowave Champion successfully completed her sea trials over the weekend of 14-15 July.

    Formal vessel redelivery from the yard to the owner was scheduled for Thursday July 19th. The vessel will mobilise for Statoil immediately. This is two weeks later than previously mentioned.

    The company said the high end 12 streamer capacity 3-D vessel Geowave Master was on target for re-delivery from the yard on or about July 20th. On delivery, the vessel was due to transit directly to the North Sea and mobilise for Gas de France Norge.

    The long offset 2D vessel Malene Østervold is scheduled for delivery from the Yard end of July. The vessel will mobilise for Chevron during the first week of August. This is one month later then previously suggested.

    The company also reiterated annual revenue guidance for 2007 at the total amount of US$190-200.


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