Shearwater GeoServices Holding AS announced the award by Petrobras of a large Ocean Bottom Node 4D Baseline survey over the Jubarte Field in the Campos Basin offshore Brazil.

Shearwater has positioned itself as a leading player in the deepwater OBN market, building on its established leading positions in the hybrid and shallow water ocean bottom seismic markets.

“We welcome this contract awarded by Petrobras and look forward to supporting their continued ambitions in the Jubarte Field”, said Irene Waage Basili, the CEO of Shearwater GeoServices. “This deepwater OBN award reflects our experience in operating offshore Brazil, our position in the deep water OBN segment, and our strategy of marine seismic leadership and unique in-house developed technology and solutions.”

The 810 sq. km survey will commence in the first half of 2021 and be conducted over a 3-month period.

The survey will utilise the SW Diamond operating Shearwater’s unique 3x3 source which is equipped with three sub-arrays on each of the three sources, compared to the conventional two, allowing increased efficiency without source compromise. While conventional sources vary their energy in one direction versus another, this project’s omni directional source is designed to give out energy uniformly in all directions which will be key to 4D repeatability for this rich azimuth deepwater OBN acquisition.

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, GC Rieber Shipping ASA, Schlumberger and Eidesvik Offshore.

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.