Shearwater GeoServices has secured a 10,000km² marine seismic acquisition services contract for Total and Eni’s 2018 exploration programme located nearly 300km offshore Myanmar.
The survey will include two offshore blocks YWB and MD-04 operated by Total and Eni respectively.
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As part of the contract, Shearwater will deploy ‘Polar Empress’ vessel to carry out the survey work. Built in 2015, the vessel has a capacity of up to 22 streamers.
The survey is scheduled to start this month and is expected to take around six months.
Shearwater GeoServices CEO Irene Waage Basili said: “We are pleased to be awarded this significant contract with two oil majors known for their high HSE and quality standards and requirements for leading operational performance.
“Shearwater has undertaken a significant effort since its inception to pre-qualify for work with major oil companies. We see this recent award as a validation of that strategy, and appreciate the positive engagement of our clients to achieve this.”
This contract represents the second recent significant contract award to Shearwater.
In November last year, the company was contracted by an NOC for a five to six months period, under this it started mobilising the vessels ‘Polar Duchess’ and ‘Polar Marquis’ last month.
Basili added: “The seismic market remains challenging, but on the back of a solid operational performance in 2017 in combination with recently awarded contracts, Shearwater is well-positioned through the winter season and for 2018 as a whole.”
Jointly owned by GC Rieber Shipping and Rasmussengruppen, Shearwater provides marine geophysical services and owns a fleet of four modern seismic vessels.
