Shearwater Geoservices was awarded letters of intent for three Isometrix 4D towed streamer projects by Equinor, and a 4D Qseabed ocean bottom seismic (OBS) project by Lundin Norway for the 2020 North Sea summer season
The 4D OBS project for Lundin Norway covers the Edvard Grieg field in Norway. Data acquisition will be executed by SW Cook and SW Tasman with Qseabed crews who have previously worked on OBS projects in the North Sea in 2019. The two-month project is scheduled to start in Q2 2019.
SW Amundsen, equipped with Isometrix multi-sensor technology, will be the lead vessel for the Equinor projects. Isometrix is Shearwater’s seismic survey technology that provides isometrically sampled data. The 4D surveys will be conducted in the Sleipner West and Norne fields in Norway.
The total volume of work for Equinor is approximately four vessel months.
Shearwater chief executive Irene Waage Basili said the award reflected the company’s position as a leader in the 4D segment adding “Isometrix and Qseabed have become leading technologies for 4D in the North Sea. We are also excited by the opportunity to execute Shearwater’s first CO2 storage monitoring survey over the world’s first offshore carbon capture and storage project and thereby help develop innovative solutions to limit carbon emissions”.
This latest project follows contracts for projects for Shell in the Black Sea, ONGC in India and Total in the North Sea. In December, 2019 the company was awarded a hybrid node-streamer seismic survey in Malaysia for Repsol.
Shearwater will also acquire five high-end seismic vessels from CGG. The company said it now had a sevenfold increase in vessel backlog.