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Wavefield Inseis ASA (OSL:WAVE) Wavefield Awarded ExxonMobil Seismic Program Offshore Norway

Wavefield Inseis ASA (OSL:WAVE) Wavefield Inseis ASA announced today that it has been awarded the 2009 Ringhorne/Balder/Forseti Seismic Program offshore Norway by ExxonMobil Exploration and Production Norway AS.

The survey will take approximately one month and will be acquired by one of Wavefield's high capacity 3D vessels during the second quarter of 2009. The project is the first that Wavefield will have conducted for ExxonMobil.

"We know that ExxonMobil is an industry leader in every aspect of the energy business so this award is particularly significant for us," stated Wavefield CEO Atle Jacobsen. "It is another important milestone for our company."

For further information, contact:

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

Erik Hokholt, CFO, Wavefield Inseis ASA Tel: +47 67 82 84 00, Email: erik.hokholt@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 world wide.

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

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