Spectrum is pleased to announce the start of Phase 2 of their Multi-Client 3D survey in the Levantine Basin, offshore Lebanon. The survey is carried out in cooperation with Fugro Geoteam and the Geo Barents seismic vessel is acquiring the data towing 8 streamers.

The new survey comprises 1,200 square kilometres of long offset seismic data. It is adjacent, and to the south of, Phase 1 which was completed in October and consists of 2,320 sq. km. This initial 3D cube from Phase 1 is currently undergoing final processing.

David Rowlands, Spectrum's EVP for the region commented, "We are extremely pleased to acquire the second part of this exciting new 3D survey, especially with the acquisition footprint being so close to recent gas discoveries to the south. The results of the fast-track processing of Phase 1 confirm our expectations from the interpretation of the 2D data. This is truly a very exciting area for hydrocarbon exploration with a number of different prospect and play types."

Acquisition of Phase 2 is scheduled to finish in December, and a fast-track product is planned to be available for delivery to clients by end January 2013, with final product availability mid April 2013.

For further information or questions, please contact:
Jan Schoolmeesters, COO, Spectrum ASA

Email: jan.schoolmeesters@spectrumasa.com
Tel: +47 23 01 49 60
Cell : +4791 77 79 61

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