Press Releases

Wavefield Inseis ASA (OSL:WAVE) The Geowave Endeavour acquired 4,911 sail kilometers during the month of October while working offshore Libya for BP. Towing a configuration of 10 x 8,000 meter long streamers at 100 meter separation, this translates to 2,456 square kilometers. This is believed to be a new production record for any seismic vessel and confirms that Wavefield Inseis operates one of the most efficient seismic fleets in the world.

Martin Billard, Part Chief Geowave Endeavour commented "Geowave Endeavour is a fantastic vessel. Everybody has worked hard bringing Endeavour fully up to speed since its launch earlier this year. Endeavour's crew really deserves this record". For further information, contact: Atle Jacobsen, CEO Tel: +47 56 11 48 00, Email: atle.jacobsen@wavefield-inseis.com

Rick Donoghue, VP Marketing & sales Tel: +44 7899895305, rick.donoghue@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, Singapore and Perth, Wavefield Inseis has a global reach, with activities worldwide.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Wavefield Inseis ASA

http://www.wavefield.no

ISIN: NO0010295504

Stock Identifier: XOSL.WAVE