GC Rieber Shipping: Shearwater GeoServices Returns to Atlantic Margin for TGS
Wednesday 11 April 2018
GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices has been awarded a new contract from the multiclient geophysical company TGS.
The project is expected to take approximately three months and is scheduled to be completed by the end of September, 2018.
For the second consecutive year Shearwater has been awarded a contract for a seismic survey on the Atlantic Margin in the Norwegian Sea. The 2018 survey is for 5,135 square kilometer which will be performed by one of Shearwater's high-end 3D vessels. The vessel will utilize FlexiSource and a wide tow spread, for which all Shearwater vessels are designed.
In 2017 Shearwater acquired 29,500 square kilometers of FlexiSource data for TGS, including 17,700 square kilometers for the TGS Atlantic Margin project. The 2018 season will bring the total area shot by Shearwater for the Atlantic Margin project to 22,835 square kilometers.
Shearwater has over the winter season been awarded several significant contracts. Three of SGS' vessels are currently engaged in survey's in the Indian Ocean for the winter season. The company is well under way building a solid backlog for the 2018 summer and autumn seasons.