4th June 2021
Shearwater GeoServices commences second phase of Mid North Sea High 3D Survey for ION Geophysical
Shearwater GeoServices Holding AS (“Shearwater”) has commenced the second and significantly larger phase of ION Geophysical’s (ION) 11,000 sqkm UK Mid North Sea High 3D seismic survey program using the Oceanic Vega.
The Mid North Sea High’s proximity to shore and existing energy infrastructure supports lower development costs, making it an attractive development region for companies both within the oil and gas and the low carbon energy sectors. The acquisition of this large data set, prioritizing acquisition before wind farm installation, and covering areas with potential for carbon storage, represents a unique opportunity for Shearwater and ION to support future energy transition activities.
“The second phase of the Mid North Sea High program builds on the success of last year’s survey where advanced acquisition and processing by Shearwater and ION produced outstanding subsurface images revealing fresh insights into this promising, underexplored UK province,” said Irene Waage Basili, CEO of Shearwater.
The five-month second phase builds on the initial survey last year. Upon completion in mid-October, the survey area included in the program will have increased six-fold.
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.