SeaBird Exploration Limited reached a final agreement on 31 May 2006 to acquire all of the outstanding shares in Seabed Geophysical AS.

SeaBed Geophysical AS "SeaBed" is a geophysical company that specializes in seabed seismic. Main concept is to deploy geophone sensor nodes into the seabed and acquire high quality multi-component data. SeaBed can provide all aspects of seabed seismic; feasibility studies and pre-survey planning, data acquisition, on site QC, minor data processing and interpretation.