GC Rieber Shipping ASA’s 50% owned geoservices firm Shearwater GeoServices has been awarded a brand new contract from the multiclient geophysical firm TGS.
The undertaking is predicted to take roughly three months and is scheduled to be accomplished by the top of September, 2018.
For the second consecutive yr Shearwater has been awarded a contract for a seismic survey on the Atlantic Margin within the Norwegian Sea. The 2018 survey is for five,135 sq. kilometer which might be carried out by certainly one of Shearwater’s high-end 3D vessels. The vessel will make the most of FlexiSource and a large tow unfold, for which all Shearwater vessels are designed.
“We are very glad to return to the Atlantic Margin to work with TGS as soon as extra, extending the most important 3D seismic survey in Northern Europe. It is particularly satisfying to be awarded repeat enterprise from famend purchasers. In addition, this award additional solidifies our place within the acquisition of huge environment friendly 3D seismic surveys,” says Irene Waage Basili, CEO of Shearwater GeoServices.
In 2017 Shearwater acquired 29,500 sq. kilometers of FlexiSource information for TGS, together with 17,700 sq. kilometers for the TGS Atlantic Margin undertaking. The 2018 season will convey the full space shot by Shearwater for the Atlantic Margin undertaking to 22,835 sq. kilometers.
Shearwater has over the winter season been awarded a number of important contracts. Three of SGS’ vessels are presently engaged in survey’s within the Indian Ocean for the winter season. The firm is effectively beneath means constructing a stable backlog for the 2018 summer season and autumn seasons.
“The seismic market stays difficult, however we see an growing curiosity for Shearwater’s providing and the variety of prospects is growing. We don’t anticipate a close to time period dramatic change out there image, however we stay cautiously optimistic and anticipate to see extra awards coming our means”, says Irene Waage Basili.
Shearwater GeoServices is a marine geophysical providers firm collectively owned by GC Rieber Shipping ASA and Rasmussengruppen AS. The firm has a fleet of 4 fashionable seismic vessels, a broad providing of top of the range geophysical providers together with superior software program, processing and acquisition strategies, and two homeowners with complementary expertise and collectively an extended expertise within the business. (Source and picture: GC Rieber/Polar Empress)
The put up SHEARWATER GEOSERVICES RETURNS TO ATLANTIC MARGIN appeared first on Energy Global News.