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Press Release

Shearwater awarded 3D contract by TotalEnergies in Sao Tome & Principe

26 Jun 2025

Bergen, 26 June 2025: – Shearwater Geoservices AS (“Shearwater”) has been awarded a 3D marine seismic acquisition contract by TotalEnergies in Sao Tome & Principe on the STP-02 Block.

The two-month exploration survey off the coast of Western Africa will start early in the third quarter of 2025 using the SW Empress, one of the world’s most capable 3D seismic vessels. TotalEnergies entered the offshore exploration block STP02 in 2024 and operates the block on behalf of its partners, ANP-STP and Sonangol.

Shearwater CEO Irene Waage Basili commented: “This award marks the initiation of our extended collaboration with TotalEnergies, as it will be the first project after the recently announced seismic capacity agreement, which is an important strategic platform for both companies, providing Shearwater with long-term visibility on future demand, while also supporting TotalEnergies’ global exploration strategy with industry leading geophysical technology and assets”.

For further information:
Irene Waage Basili, CEO, Shearwater Geoservices, phone: +47 90 09 86 88
Kristian Rådal, Head of Investor Relations, phone: +47 99 23 61 58

About Shearwater:
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 beneath 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 is in Bergen, Norway, with more facilities all around the globe. The company employs around 1270 people.