Wavefield Inseis ASA Wavefield Inseis ASA announces today that they have received a Letter of Intent from StatoilHydro to award a full season of work in the North Sea next year to the Geowave Master. The work will include a number of projects offshore Norway that will require up to 10 streamers. This will be the fourth season in a row that Wavefield Inseis will have worked for StatoilHydro in the North Sea.

Commenting on the award Wavefield Inseis CEO Atle Jacobsen said: "StatoilHydro awarded us our first ever 3D in 2006 and we very much appreciate their continued business. 2009 will be the fourth year in succession, and the Geowave Master will be the 3rd vessel of ours that will have worked for them. We look forward to this new opportunity to deliver an excellent service and many more years of cooperation."

For further information, contact:

Atle Jacobsen, CEO, Wavefield Inseis ASA Tel: +47 56 11 48 00, Email: atle.jacobsen@wavefield-inseis.com



About Wavefield Inseis ASA Wavefield Inseis ASA is a Norwegian marine geophysical company providing proprietary data acquisition services and offers a portfolio of non-exclusive Multi Client data to the global exploration community, developed in partnership with oil companies and governments. Our range of products includes long offset 2D, high capacity 3D, 4D, Multi-azimuth and Wide-azimuth data acquired with highly specified vessels and the latest seismic equipment, including our OPTOWAVE(TM) multi-component ocean bottom cable (4C OBC) system for permanent seismic 4D monitoring that uses optical sensor technology. We are also in the process of launching a new concept for EM acquisition and data analysis. From our main offices in Bergen and Oslo, Norway, and our other locations in London, Houston and Perth, Wavefield Inseis has a global reach, with activities in the Americas, Europe, Africa, the Middle East and Asia.

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE

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