​​​17th February 2021

Shearwater GeoServices awarded landmark Petrobras 3D OBN surveys

Shearwater GeoServices Holding AS (“Shearwater”) today announced the award of a substantial contract for deepwater Ocean Bottom Node seismic acquisition for the Tupi and Iracema projects in the Santos Basin offshore Brazil.

This will be the largest OBN seismic survey in Brazil, at the Tupi field, considered Brazil’s first super-giant oil field and is a base survey for potential future 4D surveys.

“This award confirms Shearwater’s leadership in deepwater OBN an exciting, growing and future-oriented sub-segment of the marine seismic industry. It reflects our scale, high-end vessels and dedication to technology, and represents a substantial addition to our backlog. We are pleased to again work for Petrobras”, said Irene Waage Basili, the CEO of Shearwater GeoServices.

The Tupi and Iracema surveys will start in Q3 2021 and are expected to last approximately nine months. They cover a total of 2,882 sqkm, utilising deepwater ocean bottom nodes deployed by ROV and Shearwater’s industry-leading 3x3 nine-string triple source. Shearwater will use the SW Diamond and one additional vessel to execute the contract.

For further information
Irene Waage Basili, CEO, Shearwater GeoServices, phone: +47 90 09 86 88
Jonas Gade Christensen, Strategy and Investor Relations Manager, phone: +47 94 42 55 11

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, GC Rieber Shipping ASA, and Schlumberger.