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Shearwater GeoServices awarded hybrid node-streamer seismic survey in Malaysia
Shearwater GeoServices Holding AS is pleased to announce the award of hybrid node and towed streamer seismic survey by Repsol Oil & Gas Malaysia Limited. The survey is scheduled for Q1 2020 and is expected to take 2 months to complete.

The project covers approximately 1,000 sq. km of ocean bottom and towed streamer seismic on Repsol’s operated block offshore Peninsular Malaysia. The Multi-Purpose Vessel (MPV) SW Vespucci will acquire the seismic using Flexisource triple source in combination with Qmarine towed streamer and ocean bottom nodes.

“By combining ocean bottom and towed streamer seismic using an MPV we offer our customer an innovative and efficient hybrid solution for acquisition of high-quality seismic data at a field which already has numerous oil installations,” said Irene Waage Basili, the CEO of Shearwater.

“This is the second contract awarded to us in recent weeks in Southeast Asia and confirms our position in the region and the value we offer to our clients. Our strategy, to have a fleet with flexibility and critical mass, enables back-to-back operations for SW Vespucci in the region, maximizing vessel utilisation, minimizing global transit cost and lowering emissions,” Irene Waage Basili, continued.

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 geophysical acquisition techniques, effective surveys and high-quality data. Shearwater has approximately 600 employees, an industry-leading cost position and a strong balance sheet. Headquartered in Bergen, Norway, Shearwater is owned by RASMUSSENGRUPPEN AS, GC Rieber Shipping ASA and Schlumberger.

About Repsol

Repsol is a global energy company present throughout the whole energy value chain. The company has upstream activity in 25 countries, produces 715,000 barrels of oil equivalent per day and has one of the most efficient refining systems in Europe. Repsol also operates low-emissions electricity generation assets, including photovoltaic and offshore wind power projects, and it is pioneering development of mobility initiatives to build new solutions and provide enhanced energy sources for transportation. Repsol is present in the United States since 2006. As of December 31, 2018, the company had 559 employees working in the country, owned mineral rights to a total net surface area of 3,111 Km2 and accounted for a net production of 113,539 barrels of oil equivalent per day. Net proved reserves in the United States amounted to 419.2 million barrels of oil equivalent.


Origine : Communiqué Shearwater GeoServices

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