Oslo, Norway (12 March 2012) - Spectrum, in partnership with CGGVeritas and GeoData Ventures, have commenced a broadband 2D Multi-Client seismic survey offshore West Timor, Indonesia, utilizing CGGVeritas' state-of-the-art BroadSeisTM technology.
The largely prefunded program will cover 3,340 km over the Timor trough, with CGGVeritas providing acquisition and processing services. The survey is situated within an underexplored region with a complex geology, making the combination of BroadSeisTM acquisition and pre-stack depth migration (PSDM) the optimal technology solution for this area. Final deliverables are expected to be available in November 2012.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
