Fugro-Geoteam has entered into an agreement with Statoil USA E&P, Inc. for the acquisition and QC processing of 2400 square kilometres of 3D marine seismic programme around Statoil’s leases in the Chukchi Sea. The project is valued at approximately USD 26 million (EUR 17 million), with an estimated duration up to three months. The survey is planned to take place from approximately early August into October 2010.

In consideration of the challenging conditions of the Chukchi Sea, combined with the limited acquisition window, Fugro-Geoteam and Statoil have agreed to utilise one of the world’s newest and most technologically advanced, ‘C-class’ vessels. The large and modern C-Class vessels have a DNV ICE classification as well as the proven capability to tow an exceptionally high streamer count. The combination of which, will provide the capability to optimise production during the limited window.