Shearwater Geoservices has successfully obtained a three-year contract for conducting seabed seismic exploration (OBN) off the coast of South America. This contract has been signed with one of the world's major oil and gas companies and is considered a significant achievement in the company's activities.
Contract Details
According to published information, Shearwater is set to use the SW Tasman vessel and deploy its seabed node technology named Pearl. Additionally, the SW Gallien vessel will be utilized for source operations throughout this campaign. The contract includes specific scopes in the first and third years of the contract period and also establishes a framework for granting additional projects during the contract duration.
Read more: Navios Connects to Four New Container Ships in South Korea
Operation Timeline
The operations for this project will commence in the fourth quarter of this year, with the two vessels continuing their activities throughout 2027 and 2028. Subsequent scopes are expected to begin in late 2028 and last for approximately ten months.
Irene Vagh Basili, CEO of Shearwater, introduced this contract as a milestone for Shearwater's OBN platform, stating: "We are proud to have secured this position in South America and look forward to continuing our contribution to the successful development of one of the world's most important marine basins."
Completion of Other Projects
This announcement follows the report of the commencement of the Amapá multi-client 3D seismic project off the coast of Brazil, which is being conducted in collaboration with SLB. This project is part of Shearwater's strategy to expand its activities in international markets, particularly in the marine and oil and gas sectors.
Read more: Approval of Floating LNG Conversion Design by Bureau Veritas to Exmar · Petrobras Signs 20-Year LNG Supply Contract from the Semprra Project in Texas
