Mediterranean 3D Award 

27th April 2017

Shearwater is please to announce the signing of a one month contract with an undisclosed client for a 3D Marine Acquisition survey offshore North Africa.  

The contract will commence promptly and will be performed by Polar Marquis while en-route from India to the North Sea. The awarded contract fits well with the vessel positioning, adding no steaming deviation and optimising the high quality backlog utilisation.  "In combination with the successfully completed ONGC contract and the recently awarded TGS Crean contract, this award ensures continuous employment for the Polar Marquis from December 2016 through to the end of the 3rd Quarter 2017", commented Shearwater's COO Peter Hooper.  

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.