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Shearwater GeoServices awarded multiple 2D and 3D projects in India

Posted on August 29, 2022

Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce the award of multiple contracts by a repeat customer for seismic surveys offshore India. The contracts represent a total of approximately 21 vessel months of activity.

The awarded contracts comprise three 2D projects representing 13 vessel months of backlog, and two 3D projects for a further eight vessel months. Shearwater will deploy several vessels from its active fleet for the surveys which are scheduled to commence in October 2022 with completion by June 2023.

“We have extensive experience operating in India and are ideally suited to provide our repeat customer with high-quality geophysical data using our modern, high-capacity, flexible fleet,” said Irene Waage Basili, CEO of Shearwater. “The scale of these awards and a strong pipeline of additional contract opportunities reflect the improving marine seismic market and increased demand from clients seeking to secure seismic vessels and crews for this winter.”

For further information
Irene Waage Basili, CEO, Shearwater GeoServices, phone: +47 90 09 86 88
Kristian Rådal, Investor Relations Manager, phone: +47 99 23 61 58

About Shearwater GeoServices Holding AS
Shearwater GeoServices Holding AS is a global, customer-focused and technology-driven provider of marine geophysical services. The company has the world’s largest fleet of high-end seismic vessels and a portfolio of proprietary technologies and software that provide customers with a full-range of towed streamer and ocean bottom geophysical acquisition techniques, efficient surveys and high-quality data. Shearwater has an industry-leading cost position and a strong balance sheet. Headquartered in Bergen, Norway, Shearwater is owned by RASMUSSENGRUPPEN AS, Schlumberger, and GC Rieber Shipping ASA.


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