6th November 2019

Seismic industry veteran appointed new chair of Shearwater GeoServices’ Board

The Board of Directors of Shearwater GeoServices (“Shearwater”) is pleased to announce the appointment of seasoned marine seismic industry leader Robert Hobbs as the new chair of the Board of Directors. He replaces Mr. Karl-Johan Gombrii who has been the chair of the Board since Shearwater’s inception in 2016.

Mr. Hobbs has 30 years of experience from the oil and gas sector. He served as the CEO of TGS-NOPEC, a leading international multi-client seismic company until 2016. Mr. Hobbs’ will commence as chair from 6 November 2019.

“Shearwater was created with the clear ambition of becoming a leading marine seismic acquisition company. The company has successfully executed on this strategy through strong leadership by Irene and her team, and the support of committed owners and dedicated employees. I am honoured to serve as chair of the Board in Shearwater where I will leverage my industry knowledge and I look forward to challenging and supporting management as the company develops its industry-leading position”, said Robert Hobbs

Robert brings with him a unique combination of management and industry experience. He will be highly valuable to Shearwater as we transit from acquisition and integration mode to fully focus on operations and delivering the best possible service to our customers and value creation for all our stakeholders,” said Irene Waage Basili, the CEO of Shearwater GeoServices.

“On behalf of the whole of Shearwater and myself, I would also like to extend our gratitude to Karl-Johan, for his strong support and valued counsel during our very active and successful first years as a company,” Irene Waage Basili added.

For further information:
Irene Waage Basili, CEO, Shearwater GeoServices, phone: +47 90 09 86 88

Robert Hobbs’ biography:
Robert Hobbs has over 30 years of experience in the upstream sector of the oil and gas business, holding senior management positions with both exploration and production operators as well as service companies.  Until 2016, Mr. Hobbs served as CEO of TGS-NOPEC.  Prior to that, he utilized his exploration geoscience background in staff and executive roles at Marathon Oil, Veritas DGC, Union Texas Petroleum, and Exxon.  He also has served as Chairman of the International Association of Geophysical Contractors, the geophysical industry’s global trade association.  Mr. Hobbs holds a Bachelor of Science degree in geology from Baylor University and a master of science degree in geoscience from University of Southern California.

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 geophysical acquisition techniques, effective surveys and high-quality data. Shearwater has close to 600 employees, an industry-leading cost position and a strong balance sheet. Headquartered in Bergen, Norway, Shearwater is owned by Rasmussengruppen AS, GC Rieber Shipping ASA and Schlumberger.