Shearwater GeoServices Holding AS (Shearwater) announced an award for a large deepwater ocean bottom node (OBN) survey over the Petrobras-operated Grand Iara Project, involving the Berbigão, Sururu, and Shared Reservoir of Atapu, in the Santos Basin offshore Brazil.

The project is scheduled to start in first quarter 2023 and is expected to last approximately six months. The node deployment area covers a total of 1,309 sqkm, utilising nodes deployed by ROV, and Shearwater’s industry-leading 3x2 six-string omni-directional triple source.

“This is a significant contract and a solid addition to our backlog for the first half of 2023, confirming our leadership in the fast-growing deepwater OBN segment of the marine seismic industry. We are very pleased to continue our long-standing relationship with Petrobras and to support them with another large deepwater OBN project,” said Irene Waage Basili, CEO of Shearwater.

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 Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.