GC Rieber Shipping - Shearwater announces new 3D seismic acquisition agreement with ION
Wednesday 2 September 2020
GC Rieber Shipping ASA's 19% owned geoservices company Shearwater GeoServices Holding AS ("Shearwater") today announced a new 3D seismic acquisition award for ION Geophysical's UK Mid North Sea High ("MNSH") program. The Amazon Warrior will spend approximately one and a half months acquiring the initial phase of the MNSH 3D survey in Q3 2020 under an agreement that provides Shearwater a commercial interest and revenue sharing mechanism. This survey is part of a larger program proposed by ION to be acquired 2020-2021. The agreement also establishes a framework for the use of Shearwater's vessels for ION 3D multiclient projects with conditional links to potential upcoming projects.