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RXT announces extension to the TGS Gulf of Mexico contract
22 May 2006
The seismic company Reservoir Exploration Technology AS (RXT) announced today that it has reached an agreement to extend its contract for acquisition of multi-component seismic data for TGS in the Gulf of Mexico.
The survey will increase from 1800 square kilometres to approximately 2400 square kilometres. The extension is made with same commercial terms as the original program. Survey acquisition is now expected to be complete in January of 2007.
- The survey commenced in February of this year, and TGS states that the initial results of the newly acquired data have shown significantly improved data resolution over the existing data in the area. This extension further endorses RXT’s strategy to keep a VSO crew operating continuously in the GOM, says CEO Michael Scott.
RXT is a marine geophysical company specialising in multi component seismic sea-floor acquisition. The Company has offices in Oslo, London and Houston.
For further information please contact CFO Odd Erik Rudshaug in RXT.
Cell : + 47 41612858