Shearwater GeoServices Holding AS (Shearwater) is pleased to announce the award of a large time-lapse seismic imaging project over the Wheatstone field, by Chevron Australia (Chevron) under an existing master contract.

This project award marks Shearwater’s continuing growth in the Asia Pacific region and use of its capability to deliver 4D seismic processing for one of Australia’s largest producing gas fields.

Shearwater’s Perth Processing Centre will combine geophysical expertise and Reveal software, for the processing of existing data, followed by time-lapse processing with newly acquired data.

“Shearwater has developed a strong 4D geophysical toolbox and expertise to deliver time-lapse seismic imaging,” said Simon Telfer, Shearwater’s SVP Software, Processing, and Imaging. “We opened our seismic processing centre in Perth in 2020, quickly establishing a strong technical team to deliver services and software in Australia. This award further deepens our long-term position in Australia and reflects Shearwater’s commitment to our clients in the region.”

About Shearwater GeoServices Holding AS

Shearwater GeoServices Holding AS is a global, customer-focused and technology-driven provider of marine geophysical services. The company has the world’s largest fleet of high-end seismic vessels and a portfolio of proprietary technologies and software that provide customers with a full-range of towed streamer and ocean bottom geophysical acquisition techniques, efficient surveys and high-quality data. Shearwater has an industry-leading cost position and a strong balance sheet. Headquartered in Bergen, Norway, Shearwater is owned by RASMUSSENGRUPPEN AS, Schlumberger, and GC Rieber Shipping ASA.

About Chevron

Chevron (NYSE: CVX) is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines.