Shearwater GeoServices Holding AS (Shearwater) proudly announces it has been contracted by the Oil and Natural Gas Corporation Limited (ONGC) for a survey project in the Cauvery Basin, located off the east coast of India. This project highlights Shearwater's commitment to facilitating secure access to energy resources.

Set to begin in the early months of 2024, the project will cover a 4,600 km² area in the Bay of Bengal, utilizing the SW Empress to carry out the survey. This initiative underlines Shearwater's role in supporting efficient and technologically advanced exploration activities in the region.

Irene Waage Basili, CEO of Shearwater says:

"We look forward to working with ONGC on another project, which underscores our solid relationship and track record in India. It reflects our mutual dedication to advancing exploration with precision and care."

About Shearwater GeoServices Holding AS

Shearwater is a global marine geoscience and technology business that specialises in collecting data offshore. The organisation uses state-of-the art seismic vessels and equipment to explore the seabed and processes the data using market-leading proprietary software. These insights help clients understand the Earth and make informed decisions about accelerating responsible use of its resources. Shearwater's headquarter is in Bergen, Norway, with more facilities all around the globe. The company employs around 1200 people.

About ONGC

ONGC stands as a prominent global player in the energy industry, with a growing international presence. Dedicated to advancing sustainable energy initiatives, ONGC has set Net Zero Scope-1 and Scope-2 Emissions goals by 2038, exemplifying its commitment to environmental stewardship. Committed to sustainable energy solutions, ONGC plays a pivotal role in meeting India's growing energy demands while upholding the highest standards of corporate governance and environmental responsibility. The company's global footprint strengthens its portfolio and establishes it as a significant player in the worldwide energy landscape. ONGC's commitment extends beyond operational excellence, including a dedication to environmental sustainability, responsible business practices, and a strong emphasis on corporate governance, setting industry benchmarks and fostering trust among stakeholders.