Shearwater Geoservices awarded large 4D OBN seismic program in Guyana

24 Feb 2025 07:30 CET

Bergen, 24th February 2024: Shearwater Geoservices AS ("Shearwater") announces
the award of a large deepwater 4D OBN reservoir surveillance program by
ExxonMobil Guyana.

Under the award, Shearwater will commence a six-month survey starting in the
first half of 2025. The field unit will be comprised of a Shearwater seismic
vessel as source vessel, and a dual ROV vessel for node deployment.

"Shearwater is pleased to be selected for this significant 4D OBN contract in
one of the world's fastest growing offshore oil and gas regions following our
recent successful completion of 4D towed streamer operations for ExxonMobil in
Canada," said Irene Waage Basili, CEO of Shearwater. "We see a steady increase
in deepwater 4D OBN monitoring activity internationally, and Shearwater is
well positioned for this growth with our leading seismic fleet,
state-of-the-art technology offering and extensive experience."

For further information:
Irene Waage Basili, CEO, Shearwater, phone: +47 90 09 86 88
Kristian Rådal, Investor Relations Manager, Shearwater, phone: +47 99 23 61 58

About Shearwater:
Shearwater is a global marine geoscience and technology business that
specialises in collecting data offshore. The organisation uses state-of-the
art seismic vessels and equipment to explore the seabed and processes the data
using market-leading proprietary software. These insights help clients
understand the Earth and make informed decisions about accelerating
responsible use of its resources. Shearwater's headquarters is in Bergen,
Norway, with more facilities all around the globe. The company employs around
1280 people.

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