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Positive sign for offshore: seismic activity on rise

Tue 26 Feb 2019 by John Snyder

Positive sign for offshore: seismic activity on rise
Shearwater's high-capacity 3D streamer vessel Amazon Conqueror will go on contract in Q2 offshore Norway

In a positive sign for increased offshore activity in the North Sea, Norway-based Shearwater GeoServices Holding said it has been awarded six 4D seismic survey projects this year, following a new contract from Equinor for work that will be conducted in the North and Barents seas.

“We see a clear increase in activity in the 4D market in 2019,” said Shearwater chief executive Irene Waage Basili, “and we are pleased to see a leading purchaser of 4D seismic choosing Shearwater’s Isometrix technology for their 4D surveys.”

Equinor awarded Shearwater a multi-project contract, with three surveys to be conducted in 2019 at the Kvitebjørn & Valemon, Visund and Snøhvit fields offshore Norway. The first survey will start in Q2 and the duration for the three projects is estimated at three months. The surveys will be conducted by Shearwater’s high-capacity 3D streamer vessels Amazon Conqueror and SW Amundsen.

On 6 February, Shearwater announced ocean bottom survey (OBS) contracts with Aker BP and Equinor. Aker BP signed a multi-year contract with Shearwater for OBS work, the first of which will be three surveys conducted this year at the Frosk, Ivar Aasen and Valhall fields offshore Norway. The three surveys will last four months, with the first starting in Q2.

The Equinor contract covers an OBS survey of the Gullfaks field offshore Norway starting in Q3 2019.

Shearwater will use its multi-purpose vessels WG Tasman and WG Cook for the surveys using its advanced OBS system.

Shearwater is also supporting Houston-based TGS with a 3D seismic survey of blocks in Brazil’s 16th oil and gas licensing round of the Campos Basin offshore Brazil. The licensing round is scheduled for Q3 of this year. Shearwater will use Amazon Warrior for the survey, which will cover 11,200 km2.

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