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Press release

Shearwater Geoservices To Donate Reveal Seismic Software To Universiti Teknologi Petronas

5 Sep 2022

5th September 2022

Shearwater GeoServices to Donate Reveal Seismic Software to Universiti Teknologi PETRONAS
Shearwater GeoServices Holding AS (“Shearwater”) announces the donation of a significant number of licenses for Shearwater’s industry leading Reveal seismic processing and imaging software to Universiti Teknologi PETRONAS (UTP), a Malaysian research university. Through this initiative graduate and undergraduate students will be able to conduct research, and learn, using world-class advanced geophysical tools.

The Reveal licenses, with a value in excess of US$1M, have been provided for use on UTP Postgraduate (MSc and PhD) dissertation and research projects. UTP also plans to introduce the software as a teaching tool on its MSc Petroleum Geoscience course later in the year.

Professor Ts. Dr Mohamed Ibrahim Abdul Mutalib, Vice Chancellor of UTP, said:

“The donation of this software will be of great benefit to students focussed on sub-surface geophysics, both at graduate and undergraduate level. By having software that is widely used by major international energy companies, yet easy to learn and customise, students will be well prepared for conducting advanced geophysical work into the future.”

Irene Waage Basili, CEO of Shearwater, said:

“Shearwater is delighted to welcome Universiti Teknologi PETRONAS to the Reveal academic community. With a manufacturing centre, and seismic processing centre in Malaysia, Shearwater has a strong shared interest with UTP in the advancement of the next generation of Malaysian geoscientists. UTP will join over sixty other universities globally using our industry leading seismic processing software and be part of a worldwide community of Reveal users.”

Reveal software enables time and depth processing and imaging for marine towed streamer, OBS and land environments within a single user interface. This highly intuitive, interactive and adaptable platform has the flexibility to be scaled to run on a laptop in the field through to the largest data centre and in cloud.

UTP is a leading private university in Malaysia, founded in 1997 by PETRONAS, the national oil and gas company of Malaysia. UTP offers a wide range of industry-relevant engineering, science and technology programmes at undergraduate and postgraduate levels, and conducts extensive research activities in collaboration with PETRONAS and other institutions and industries.

For further informationIrene Waage Basili, CEO, Shearwater GeoServices, phone: +47 90 09 86 88Kristian Rådal, Investor Relations Manager, phone: +47 99 23 61 58

About 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 owned by RASMUSSENGRUPPEN AS, Schlumberger, and GC Rieber Shipping ASA.