WESTERNGECO ANNOUNCES NEW CONTRACT WITH STATOIL ASA

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WESTERNGECO ANNOUNCES NEW CONTRACT WITH STATOIL ASA
01 June 2004 - Schlumberger

WesternGeco announced today that Statoil ASA has awarded the company a contract for seismic data acquisition of a 3D/4D survey in the Norwegian sector of the North Sea. The Q-Technology vessel Western Pride, towing 10 x 5000-meter cables with a spread of 675 meters, will use its proprietary Q-Marine single-sensor marine seismic system to acquire data over the Visund field in the Tampen area offshore Norway commencing this month.

WesternGeco announced today that Statoil ASA has awarded the company a contract for seismic data acquisition of a 3D/4D survey in the Norwegian sector of the North Sea.

The Q-Technology vessel Western Pride, towing 10 x 5000-meter cables with a spread of 675 meters, will use its proprietary Q-Marine single-sensor marine seismic system to acquire data over the Visund field in the Tampen area offshore Norway commencing this month.

The Visund project, covering 640 square kilometers, will establish a new Q-Marine baseline survey suitable for future monitoring of fluid movement in the reservoir.

'We chose WesternGeco Q-Technology for this baseline survey because we expect the high-resolution Q survey to provide enhanced knowledge of the field for asset management and reduced development risk,' said Erik Håvarstein, geophysical manager, Statoil ASA.

'The high repeatability and the superior resolution of Q-Marine surveys make this technology applicable for reservoir monitoring,' said Roar Bekker, manager, WesternGeco Europe. 'Also, the Q-Marine active steering will minimize undershoot required around the Visund platform.'

Q is the WesternGeco proprietary suite of advanced seismic technologies for enhanced reservoir location, description and management.

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About: Schlumberger
Schlumberger is the world's leading oilfield services company supplying technology, project management and information solutions that optimize performance for customers working in the oil and gas industry. The company employs more than 52,000 people of over 140 nationalities working in more than 80 countries, and comprises two business segments.

Schlumberger supplies a wide range of products and services from formation evaluation through directional drilling, well cementing and stimulation, well completions and productivity to consulting, software, information management and IT infrastructure services that support core industry operational processes. WesternGeco, jointly owned with Baker Hughes, is the world's largest seismic company and provides advanced acquisition and data processing services.

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