Shearwater wins seismic survey work with India’s ONGC

Marine geophysical company Shearwater GeoServices has been awarded a 3D broadband marine seismic acquisition contract by India’s ONGC for the planned 2017/2018 field season.

Shearwater said on Wednesday that the surveys would take approximately five months with the main streamer vessel mobilizing to the Asia Pacific region in the fourth quarter of 2017.

Irene Waage Basili, CEO of Shearwater, said: “This is the second consecutive year Shearwater will work for ONGC. A pleased customer is a repeat customer, and we see this award as a testament to the quality of the delivery from the Shearwater organization.

“We know the operational area well, and in the challenging market we are all experiencing today, we are very pleased to have secured this contract which gives us full utilization for one of our vessels through the winter season.”

The company did not disclose the value of the deal nor the name of the vessel which will be used for the survey.

The first contract between the two companies began in December of last year with two of Shearwater’s vessels involved. One of the vessels, the Polar Marquis, was given an extension with the Indian company in March 2017 for an 835-square kilometer 3D broadband acquisition.

Basili added on Wednesday that the company’s performance during the first year of its existence had exceeded the plans that formed the basis for establishing it.

“We are proud to say that we have been able to maintain our solid financial platform despite a very challenging market situation through 2017,” she said.

Shearwater is jointly owned by GC Rieber Shipping and Rasmussengruppen.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply