Shearwater inks seismic survey deals in Mediterranean Sea and SE Asia

Seismic services specialist Shearwater GeoServices has been awarded 3D surveys in the Mediterranean and South East Asia.

GC Rieber Shipping, a 50% owner of Shearwater has said that new contracts will add seven vessel months to the current backlog. The surveys will be starting in the first half of Q4 2018. The Mediterranean survey will take approximately two months, and the South East Asia surveys lasting 5 months.

“We are pleased to be awarded these surveys firming up the backlog over the 2018/19 winter season, after we have seen utilization of 85% and transit of 15% for the first three quarters of 2018”, said Irene Waage Basili, Shearwater CEO.

The survey in the Mediterranean area covers approximately 1,300 square kilometers and will utilize the Polar Empress.

The contract in South East Asia covers two survey areas, totaling over 8,000 square kilometers, and will be conducted by the Polar Duchess vessel.