Reservoir Exploration Technology ASA (RXT) , a marine geophysical company specialising in multi-component seafloor seismic acquisition has entered into a LOI with an international oil company regarding acquisition of 4D/4C seismic data in West Africa.
The final contract is expected to be signed during December and start up of the project will be in end Q4 2011. The work will be done by the vessels Ocean Pearl and Vikland and is estimated to take 45 days, depending on the final lay out of the acquisition design.
[mappress] Offshore Energy Today Staff , November 25, 2011; Image: RXT