Shearwater GeoServices to Work with TGS Off Norway

Shearwater GeoServices has signed agreements with TGS for two surveys, one firm and one optional, to be conducted offshore Norway.

The surveys are scheduled to start between March and May 2017 and total approximately 15,000 sq km.

Shearwater said that the surveys will be performed by two of the company’s 3D vessels.

The scope of the firmly awarded survey equals to approximately 6 vessel months, and the optional scope equals to 4 additional vessel months.

Irene Waage Basili, CEO of Shearwater GeoServices said: “We are very happy to work with TGS who are a key client and a significant purchaser of geophysical services. The contracts represent continuous utilization for two of our vessels for the spring and summer season supporting our strategy to build solid backlog for our fleet in a highly competitive marketplace.”

Shearwater GeoServices is a new marine geophysical company jointly owned by GC Rieber and Rasmussengruppen.