SeaBird in 2D survey award

  • Business & Finance

SeaBird Exploration, a global provider of marine acquisition for 2D/3D and 4D seismic data, has signed an agreement to conduct a pre-funded 2D multi-client survey in North West Europe during this coming summer season.

According to the seismic explorer, the project is due to start during the second quarter of 2016 and will run for approximately two to three weeks.

The company did not reveal further details about the location of the 2D multi-client survey.

SeaBird on Friday posted a loss of $6.5 million in the fourth quarter of 2015, when compared to $71.2 million loss in 4Q 2014.

The seismic explorer said it continues to experience weak seismic tender activity as the seismic industry remains negatively affected by low oil prices and weak demand for oil exploration.

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