Shearwater GeoServices Holding AS (Shearwater) announces a 3D seismic exploration survey contract award by Beach Energy.

The Prion 3D Seismic Survey is expected to start in late October, in the Bass Strait of Australia. Lasting nearly two-months, the approximately 890 sqkm survey will be conducted by the Geo Coral.

The survey will use an advanced multicomponent sensor streamer system enabling superior broadband data for use in exploration for natural gas reservoirs.

“Shearwater’s global fleet of seismic vessels has enabled a series of projects in Australia, resulting in high utilisation with shorter transit time between projects contributing to lower overall emissions,” said Irene Waage Basili. “We have well-established operations in Australia with a safe track record and look forward to this project for Beach Energy.”

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 Beach Energy

Founded in 1961, Beach is headquartered in Adelaide Australia. With a proud track record for safety and environmental performance, Beach operates onshore and offshore facilities across Australia and New Zealand. Beach has a target to reduce emissions 25% by 2025, and an aspiration of Net Zero emissions by 2050.