SeaBird Exploration: new OBN source contract in Eastern Hemisphere
11 November 2019, Limassol, Cyprus

SeaBird Exploration is pleased to announce receipt of a letter of intent for the
exclusive provision of source vessel services for an OBN survey in the Eastern
Hemisphere. The survey is expected to start in Q1 2020, with an approximate
duration of 60 - 90 days.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company's vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further queries contact:

https://finansavisen.no/nyheter/oljeservice/2019/11/11/7471244/mer-arbeid-for-seabird