Total and Eni employ Shearwater for seismic survey off Myanmar

  • Business & Finance

Shearwater GeoServices has been awarded a 10,000 square kilometer marine seismic acquisition services contract by Total and Eni for their 2018 exploration program, located about 300 kilometers offshore Myanmar.

Marine geophysical services company Shearwater, which is jointly owned by GC Rieber Shipping and Rasmussengruppen, will deploy the vessel Polar Empress for the survey, which is expected to take about six months, starting in January 2018.

Irene Waage Basili, CEO of Shearwater commented, “We are pleased to be awarded this significant contract with two oil majors known for their high HSE & 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.”

Total and Eni are the operators of the two blocks to be surveyed, YWB and MD- 04, off the coast of Myanmar.

The Polar Empress vessel was built in 2015 and it has a capacity of up to 22 streamers.

This contract is the second significant recent award to Shearwater, following the November award by a NOC for a 5-6 months contract for which it started mobilizing the vessels Polar Duchess and Polar Marquis in December.

“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,” concluded Waage Basili.

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