courtesy Wavefield Inseis

New Norwegian geophysics outfit Wavefield Inseis has begun earning in earnest, it fourth-quarter operating profit of $10.5 million a tenfold increase over the same time a year ago.

Quarterly revenues swelled by $24 million to $26.3 million on the work of two, newly operational survey vessels in Africa and South America.

The newly formed combination of Insesis and Wavefield declared on Tuesday a wealth of oil-industry backed surveys in most of the major oil provinces.

Meanwhile, a large stake in Optoplan and $128 million raised on the stock market in 2006 are helping evolve new survey technology for the seabed that’s “permanent and 4C”.