Norwegian automated-handling equipment maker Odim has won a 65-million-kroner ($12.3) contract to deliver specialized survey equipment to an unnamed customer.

“ODIM expects that (current) high exploration activity will yield a continuously good seismic market,” company vice president Idar Hatløy said in a statement. The company has developed an array of deepwater handling systems for the growing numbers of offshore service ships, including 3D survey vessels, many of which were ordered over the past year.

Indeed, some 28 exploration wells have been drilled thus far offshore Norway out of about 34 wildcats and appraisals, and the count is said to be out-pacing last year’s.

Production wells drilled when oil approached $150 a barrel are partly giving way to exploration drilling, as reserves must also be restocked..

Tags: ODIM