Otto Marine

Otto Marine announced that its 81.6%-owned Reflect Geophysical (note that the shareholding stake was recently raised from 74.2% for a consideration of S$1.5m) has been awarded a contract worth a minimum of US$8.0m to perform a 3D Seismic Data Acquisition in Block D4 Offshore Gabon (Gulf of New Guinea). Under the agreement, Geokinetics Inc (GOK UA) will engage Reflect to carry out shallow water streamer acquisition survey for the block operator, ENI Oil Holdings BV.