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Telenor Signs PGS Geophysical for 2 Years

Maritime Activity Reports, Inc.

August 8, 2003

Telenor Satellite Services announced that PGS Geophysical of Norway has renewed its global satellite communications agreement with Telenor through June 2005. Telenor first began providing communications via satellite to PGS in 1995. The current agreement calls for Telenor to continue to provide its fully-managed Sealink service to a PGS Geophysical fleet of 14 high tech 3D seismic vessels operating around the world. PGS Geophysical acquires, processes, markets, and sells high quality seismic data worldwide. Oil and gas companies use this data to explore for and develop new hydrocarbon fields and to manage fields in production. The Sealink system provides corporate voice and high-speed data communications, at speeds up to 2 Megabits per second, essentially extending PGS's corporate network to all of its vessels. All vessels are connected to a PBX network providing on-board offices with immediate direct dial access. The Sealink solution is an essential business tool enabling PGS Geophysical to rapidly and efficiently gather, process, and disseminate research information to its customers. "Telenor has established a long-standing and successful business relationship with PGS Geophysical based on our ability to deliver reliable and efficient communication," said Pal Jensen, vice president of Telenor Satellite Services. "Our Sealink service is 'always on' providing PGS global communications whenever needed. We are also pleased to announce that PGS is the first business organization to begin using our Sealink Prepaid Calling Cards, which will offer the crew members an effective means to make personal phone calls during voyages." Sealink recently inaugurated the Sealink Prepaid Calling Program. Prepaid scratch cards are available to companies for resale to crewmembers, clients, and passengers. The prepaid cards can also be easily recharged through the Internet. Sealink is Telenor's suite of digital high-speed communications solutions that extend corporate networks and make other broadband communications available on a leased basis to ships at sea. Sealink provides turnkey managed communications solutions for a wide variety of maritime industries as well as ocean-going transportation and supply operations. All communications are delivered through Telenor's gateways and earth stations in Europe and the United States.

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