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GC Rieber Shipping: Shearwater GeoServices awarded projects equivalent to 8 vessel months

GC Rieber Shipping ASA’s 20% owned geoservices company Shearwater GeoServices (“Shearwater”) has been awarded projects equivalent to 8 vessel months in the Arabian Sea.

Eni Oman BV in partnership with Oman Oil Company Exploration and Production has awarded Shearwater a seismic survey in Block 52, offshore Oman. The survey, due to commence later this year, will be conducted by the Polar Empress and will take approximately 3 months to complete. The survey consists of 2,500 sqkm 3D, additional 800 km 2D acquisition and data processing.

Image: GC Rieber Shipping / Asmund Fredheim

Further, Oil and Natural Gas Corporation Limited (ONGC) has awarded Shearwater a 3D broadband marine seismic acquisition contract for the planned 2018/2019 field season. The surveys will take 5 months to complete, covering approximately 2,000 sqkm, with the main streamer vessel mobilising in Q4 2018.

Irene Waage Basili, CEO of Shearwater comments: “We are proud to win these awards which represent repeat business for Shearwater, and a further deepening of our client relationships. This will be the third consecutive year that Shearwater will work for ONGC, and second for Eni. Together with the recent expansion of our fleet and technology offerings, we welcome this strong backlog which occupies our legacy Shearwater fleet through the winter season and into Q2 2019”.
Source: GC Rieber Shipping

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