SeaBird Exploration Plc: 2D long offset multi-client survey in Barents Sea

9 September 2016, Limassol, Cyprus

SeaBird Exploration Plc is pleased to announce that the company will acquire a long offset 2D multi-client survey in the Barents Sea. SeaBird and Lundin Norway have jointly designed this survey of deep seismic profiles to be acquired in the Barents Sea during September-October 2016. 

The survey objective is to acquire long-offset profiles that image large scale deep seated crustal structures beneath the Norwegian Barents Sea. Lundin Norway will be supervising the processing of this unique dataset.

The program is fully supported with industry funding and SeaBird will be using the Harrier Explorer for the work.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specialises in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Health, Safety, Security, Environment and Quality (HSSEQ), combined with efficient collection of high quality seismic data. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilisation of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further queries contact:

Christophe Debouvry
CEO SeaBird Exploration
Phone: [phone]

or

Nils Haugestad
CFO SeaBird Exploration
Phone: [phone]

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Source: SeaBird Exploration Plc via Globenewswire