Shearwater GeoServices awarded multiple technology integrated geophysical survey for carbon storage contract by Eni in UK’s Liverpool Bay.

Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce the award of a 3D multiple technology integrated geophysical survey, with an option for a second survey, for use carbon storage in Liverpool Bay, England.

“We are delighted to conduct this survey work for Eni, advancing UK carbon storage by deploying towed streamer, shallow water node, and very-high resolution methods,” said Irene Waage Basili, CEO of Shearwater. “Seismic surveys provide a safe non-invasive method for appraising CO2 storage sites, and monitoring storage integrity throughout their life.”

The surveys will involve both bathymetric and 3D seismic surveys, to give high-resolution imaging of the overburden, as well as very high-resolution data for analysis of the seabed and shallow geology. A specialised shallow water seismic node crew will be utilised for operations in the shallow water areas.

The first survey is over the Hamilton and North Hamilton fields, and the optional survey is over the Lennox field. The fields are covered by a carbon dioxide (CO2) appraisal and storage licence (CS licence), where Eni intends to reuse and repurpose depleted hydrocarbon reservoirs and associated infrastructure to permanently store CO2 emissions captured from the pre-existing local “hard to abate” industries and the future production sites of low carbon hydrogen in the industrial district of NW England and N Wales.

The surveys will be led by the SW Bly, with each survey taking just under one-month to complete.

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, Schlumberger, and GC Rieber Shipping ASA.