SeaBird Exploration has received a Memorandum of Agreement (MOA) with a company to acquire up to 45,000km of 2D seismic data in North and South America.
The agreement is worth an estimated $30million.
It will allow the company to charter one seismic vessel from SeaBird for a 12 month period which will begin in February next year.
Seabird Exploration said it will cover a minimum of 17,000km and up to 45,000km in several areas.
Last month, the company received a Letter of Award (LOA) from TGS-NOPEC Geophysical to acquire up to 300,000km of 2D seismic data.