(Oslo, 28.05.2013) Spectrum is pleased to report that following the completion of the 7,500 km MC 2D survey in the Pelotas basin in Brazil, Spectrum now has commenced a new MC 2D survey in the Pelotas basin in Uruguay. The survey is planned for 4,000 km, partly over held acreage and partly over open, ultra deep water acreage in the Oriental del Plata basin, anticipating the third licensing round in Uruguay expected to be held in 2015.
The survey is supported by industry funding.
The seismic data is being acquired by the Seabird vessel Hawk Explorer and the data will be processed at Spectrum's processing center in Houston, with the final products scheduled for delivery in late 2013.
For further information or questions, please contact:
Jan Schoolmeesters, COO, Spectrum ASA
Email: jan.schoolmeesters@spectrumasa.com
Tel: +47 91 77 79 61
Richie Miller, EVP Multi-Client North & South America
Email: richie.miller@spectrumasa.com
Tel: +1 281 698 8850
Arne Helland, EVP Strategy & Business Development
Email: arne.helland@spectrumasa.com
Tel: +47 23 01 49 69, Cell: +47 91 88 78 29
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.