Press release
Argeo And Shearwater Forges Strategic Alliance To Transform Subsea And Ocean Bottom Seismic Markets
27 Sep 2023
27th September 2023
Argeo and Shearwater forges strategic alliance to transform subsea and ocean bottom seismic markets
Shearwater GeoServices is pleased to announce the formation of strategic alliance with Argeo, a global leader in robotic and digital solutions for the ocean space, for innovating and pioneering new technology and products across the subsea and marine seismic markets.
Argeo and Shearwater aim to jointly transform the subsea and ocean bottom node (OBN) seismic service sectors through the application of state-of-the-art patented technology and continuous operational excellence to accelerate efficiency gains across core markets.
Irene Waage Basili, the CEO of Shearwater, says; “We are excited about teaming up with Argeo in this unique alliance between marine seismic and subsea to push the boundaries of the rapidly growing OBN market. Argeo is a strong and respected partner with unique technology and competences which will help accelerate the development of new OBN deployment vehicles and methods. The alliance has significant strategic potential, and we look forward to exploring synergies in our respective markets together with the experienced Argeo team in the coming years.”
For further information please contact:Andreas Hveding Aubert, CFO, +47 48014070About Shearwater GeoServices Holding ASShearwater 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 largely owned by RASMUSSENGRUPPEN AS, Schlumberger, and GC Rieber AS.