Bergen, 6^th February 2024 – Shearwater GeoServices Holding AS (Shearwater) is thrilled to announce its selection by the Oil and Natural Gas Corporation (ONGC) for a landmark Ocean Bottom Node (OBN) survey off the coast of India. This venture, spanning six months, showcases our Pearl node technology aboard the SW Tasman, a vessel reimagined for peak efficiency in executing advanced seismic source and dual ROV operations.

The deployment of our Pearl node technology is a testament to Shearwater's unwavering quest to push the boundaries of OBN seismic exploration. The fusion of the Pearl node with the SW Tasman not only elevates survey efficiency and quality but also paves the way for groundbreaking seismic data collection in deepwater territories once deemed unreachable.

"The ONGC survey stands as a testament to the industry's faith in our forward-thinking technologies, particularly our pioneering Pearl node. Our dedication to transcending traditional survey limits, coupled with our drive to innovate, positions us at the forefront of marine seismic exploration. We're not just conducting surveys; we're redefining what's possible in deepwater exploration and complex environments, charting new courses that could very well reshape industry standards."

Irene Waage Basili, CEO of Shearwater

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 is a global marine geoscience and technology business that specialises in collecting data offshore. The organisation uses state-of-the art seismic vessels and equipment to explore the seabed and processes the data using market-leading proprietary software. These insights help clients understand the Earth and make informed decisions about accelerating responsible use of its resources. Shearwater's headquarters are in Bergen, Norway, with more facilities all around the globe. The company employs around 1200 people.