​​​1st December 2022

Shearwater GeoServices strengthens and expands Board with the appointment of Kristin Færøvik

Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce that Kristin Færøvik has joined the Board of Directors, adding extensive experience from the energy sector ahead of a potential initial public offering and listing in 2023.

Kristin Færøvik is a highly experienced energy executive. Most recently, she was the Managing Director of Lundin Energy Norway. She is currently the Chair of the Board at Moreld, as well as a Board Member at Sval Energi and Bunker Holding. Previously, she has held executive positions at Rosenberg WorleyParsons, Marathon Oil and BP Norway.

“Kristin holds a strong track record as a leader from both production and service companies in the energy sector. Her extensive industry experience and network will further strengthen the Board as we experience growing demand for marine seismic and prepare for a potential public listing of the company” said Robert Hobbs, the Chairman of the Board Shearwater.

Following today’s general meeting, the Board of Shearwater comprises; Robert Hobbs (Chairman), Kristin Færøvik, Cathrine Lund Larsen, Stein Vidar Haaland, Lars Erik Larsson, Vijay Kasibhatla, and Trygve Lauvdal.

For further information
Irene Waage Basili, CEO, Shearwater GeoServices, phone: +47 90 09 86 88
Kristian Rådal, Investor Relations Manager, phone: +47 99 23 61 58

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.