Caspian Services Group Ltd News

Caspian Services’ subsidiary Caspian Services Group Ltd., has signed a contract to provide three vessels to Reservoir Exploration Technology ASA (RXT), a marine geophysical company specializing in multi component seismic sea-floor acquisition. RXT recently signed a letter of intent with Agip KCO to conduct a four component 3D seismic survey over the extensive Kashagan field. Caspian Services will add two additional shallow draft survey/work vessels to its fleet to service this contract. These vessels will be drawn from the Rederij Waterweg BV fleet as part of the ongoing partnership between the two marine companies.

contracts with Saipem S.p.A. development in the Kazakhstan sector of the north Caspian Sea. boats, two anchor handling tugs and an existing survey vessel. will be placed into active operations in the spring of 2006. Mr.