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Press Release

Shearwater Geoservices awarded 3D seismic survey by Eni in Timor Sea

3 Feb 2026

Bergen, 03 February 2026: Shearwater Geoservices AS (“Shearwater”) has been awarded a 3D seismic acquisition contract by Eni Timor 22-23 B.V. (“Eni”) covering the PSC TL SO 22-23 area in the Timor Sea.

The project comprises approximately 1,500 square kilometres and is scheduled to commence late in the first quarter of 2026. The two-month survey will be conducted by Shearwater’s high-capacity vessel SW Bly, leveraging the company’s advanced acquisition capabilities and processing software to fast-track delivery of high-quality Decision Ready Data directly from the vessel to the client.

 “This award strengthens Shearwater’s engagement with Eni and demonstrates their confidence in our efficient execution platform, advanced seismic technology and data quality. By delivering Decision Ready Data to Eni shortly after the data acquisition Shearwater will support timely and well-informed development decisions,” said Irene Waage Basili, Shearwater CEO.
  
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 1,000 people.