This survey will commence upon completion of SeaBird's current contract with Total E&P Angola, estimated for February 2009. The survey will be done in 1,300m to 2,300m of water depth and will be carried out with the ocean bottom nodes (OBN) vessel Hugin Explorer, and the Kondor Explorer as a separate source vessel. The contract has an expected duration of around three months and is expected to yield an average day rate including mobilization and demobilization in line with SeaBird's current guidance in excess of $200,000 for OBN surveys with the Hugin Explorer, and $60,000 to $65,000 for source vessels such as the Kondor Explorer. Tim Isden, CEO of SeaBird, said: "This letter of award represents a major recognition for SeaBirds OBN operations and we see great potential for the future in reservoir imaging and 4C/4D applications. "We see an increased interest in reservoir monitoring and characterization from the oil companies and have experienced a massive increase in interest for our node technology after commencement of the Total Angola contract."