Shearwater Geoservices awarded 3D seismic survey by Eni in Timor Sea

03 Feb 2026 07:40 CET

Bergen, 03 February 2026: Shearwater Geoservices AS ("Shearwater") has been
awarded a 3D seismic acquisition contract by Eni Timor 22-23 B.V. ("Eni")
covering the PSC TL SO 22-23 area in the Timor Sea.

The project comprises approximately 1,500 square kilometres and is scheduled
to commence late in the first quarter of 2026. The two-month survey will be
conducted by Shearwater's high-capacity vessel SW Bly, leveraging the
company's advanced acquisition capabilities and processing software to
fast-track delivery of high-quality Decision Ready Data directly from the
vessel to the client.

"This award strengthens Shearwater's engagement with Eni and demonstrates
their confidence in our efficient execution platform, advanced seismic
technology and data quality. By delivering Decision Ready Data to Eni shortly
after the data acquisition Shearwater will support timely and well-informed
development decisions," said Irene Waage Basili, Shearwater CEO.

For further information:
Irene Waage Basili, CEO, Shearwater Geoservices, phone: +47 90 09 86 88
Kristian Rådal, Head of Investor Relations, 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 beneath 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
1,000 people.

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