Shearwater wins deepwater OBN extension in India after setting new industry benchmarks

Shearwater Geoservices Holding AS (“Shearwater”) is pleased to to announce a three-month extension to the major deepwater ocean bottom node (OBN) survey off the coast of India.

The extension builds on the successful execution of the initial six-month scope using the SW Tasman, Shearwater’s purpose-built seismic source and dual ROV operations vessel, and the in-house developed Pearl node. During the initial phase, Shearwater has set new industry benchmarks, showcasing the ability to deploy or recover very high numbers of nodes per day in challenging conditions and water depths ranging from 100 to 2,900 metres.

Irene Basili, the CEO of Shearwater, says:  “Our operation in India has delivered an impressive performance, confirming the significant operational efficiencies enabled by Shearwater’s unique vessel design and the state-of-the-art Pearl node technology. We look forward to extending this important project with our client and further add to their successful data acquisition programme this season.”

The scope increase underpins the importance of Shearwater’s commitment to technological excellence and operational efficiencies. It also solidifies the company’s position as a leader in high performance ROV OBN marine acquisition.

For further information:
Irene Waage Basili, CEO, Shearwater Geoservices, phone: +47 90 09 86 88
Kristian Rådal, Investor Relations Manager, Shearwater Geoservices, 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 headquarter is in Bergen, Norway, with more facilities all around the globe. The company employs around 1,200 people.