Shearwater GeoServices awarded re-processing of 2D seismic data in the Barents Sea

7th April 2017

Shearwater GeoServices has received notification of the award of re-processing of 2D seismic data in the Barents Sea from Norwegian Petroleum Directorate. The re-processing is of two projects to be run in parallel, including approx. 6,000 km of pre-stack time migration re-processing and 2,500 km of ‘shallow’ target and data analysis of 2D seismic data in Barents Sea North.

Simon Telfer, VP Processing & Imaging at Shearwater GeoServices comments “These contracts represent continuation of processing work and a strong relationship with the Norwegian Petroleum Directorate since 2013, which has seen our geophysicists process over 36,000 km of 2D seismic data from the Barents Sea regions for the NPD. 

In addition, the processing of many other 2D and 3D surveys from offshore Norway has given our geophysicists vast experience processing data from the Barents Sea and Norwegian Continental Shelf environments.” 

Shearwater GeoServices is a full service geophysical company jointly owned by GC Rieber Shipping ASA and RASMUSSENGRUPPEN AS and the announced award represents a significant contribution to the company´s processing order book, fuelling its ambitious growth strategy.

Shearwater GeoServices (“Shearwater”) has a fleet of four modern seismic vessels, a broad offering of high quality geophysical services including advanced processing and acquisition techniques, and two owners with complementing skills and collectively a long experience in the industry. In connection with the establishment of Shearwater, GC Rieber Shipping and Rasmussengruppen invested USD 60 million in equity.