Oslo, Norway, 3 October 2008. Wavefield Inseis today announced that they have been awarded a long term contract for 3D seismic services by ONGC. Commencing
during the fourth quarter this year, the contract is for a programme of 3D surveys offshore India to be acquired each season through to 2011. The total
contract value is in excess of $170million.

The first season's programme will be acquired by the Geowave Commander which will be mobilised from Europe. This significantly increases Wavefield's market
share in the region and will also strengthen its office operations in Singapore.

Earlier in the year Wavefield acquired a 2D project offshore India and the valuable operational experience gained will positively impact its first large 3D
contract in the country. Commenting on the new contract, CEO Atle Jacobsen stated, "This is not only our first 3D project in India, but this 3-year
contract is also our largest to date and our first with ONGC for whom we are delighted and proud to be providing services on such a prestigious project."