GC Rieber Shipping: Shearwater GeoServices Awarded Large Seismic Survey for Total and Eni

Thursday 18 January 2018

GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded a 10,000 square kilometer marine seismic acquisition services contract by Total and Eni for their 2018 exploration program, located approximately 300 kilometers offshore Myanmar. Shearwater will deploy the vessel "Polar Empress" for the survey which is expected to take about six months, commencing in January 2018.

Irene Waage Basili, CEO of Shearwater commented, "We are pleased to be awarded this significant contract with two oil majors known for their high HSE & quality standards and requirements for leading operational performance. Shearwater has undertaken a significant effort since its inception to pre-qualify for work with major oil companies. We see this recent award as a validation of that strategy, and appreciate the positive engagement of our clients to achieve this".

Total and Eni are the operators of the two blocks to be surveyed, YWB and MD-04, off the coast of Myanmar.