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Earnings Release Q2 2008

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Reservoir Exploration Technology ASA (RXT) is a marine geophysical company specialising in multi component seismic sea-floor acquisition.

 

Source Vessel - M/V Beulah Chouest

Until May 2006 RXT has been operating one crew in the Gulf of Mexico, a dual vessel operation comprising a shooting vessel - the M/V Beulah Chouest - and a cable/buoy handler - the M/V Bourbon. Their GOM operations started in June 2004 and have demonstrated the superior imaging capabilities of the VSO sensors and cables.

The second crew started their operations in the North Sea in May 2006 with the OBC vessel M/V Ocean Pearl. This vessel has the unique capability in the seismic industry of being able to acquire multi-component ocean bottom cable (OBC) data without requiring any other vessels. This single vessel operation is achieved by using the radio-controlled recording buoys that are an essential feature of I-O’s VectorSeis Ocean (VSO) system. This crew is currently operating in West Africa.

RXT mobilised an operation in the Caspian Sea in June 2007. This third crew is based on a highly modular equipment concept, where the equipment handling and instrument room facilities can be moved between shallow water vessels and deep water supply vessels. Thus, the Caspian operation is capable of both shallow- and deep water surveys.

Crew 4 will mobilise in Q2 2008, Crew 5 in Q3 2008 and Crew 6 in first half 2009. All three crews will have single vessel operation capabilities. But operate together with a dedicated cable handling vessel when the acquisition parameters are such that the crew can acquire data and handle cables simultaneously.

 

Our Services

VesselReservoir Exploration Technology can provide the very latest in acquisition and support services for your Ocean Bottom Cable survey requirements. We are now operating several crews with the very latest in OBC 4C acquisition systems.  

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