Shearwater GeoServices receive TGS Irish Atlantic Margin award

24 April 2017

Shearwater GeoServices Norway AS has received an award from TGS for the announced Crean 3D (CRN 3D) project, strengthening Shearwater's backlog in the EAME Region for the 2017 season by approximately 4 additional vessel months. The survey will be acquired utilising one of Shearwater's high end 3D vessels. 

Shearwater CEO Irene Waage Basili commented;
"Naturally, we are very pleased with this additional award from TGS. They are a key client for us and this latest award demonstrates their confidence in our operational capabilities as well as our ability to offer competitive prices and operational flexibility in a challenging market. This gives us strong utilisation of our operational fleet through Q3."

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.