Shearwater GeoServices Holding AS has been awarded a multiproject marine seismic 3-D and 4-D acquisition contract by Shell International Exploration & Production BV on April 11.
The contract covers four separate surveys; three in the North Sea and one off the coast of Western Australia. The surveys are expected to provide a total of five vessel-months of utilization in 2019.
“The award represents an innovative contract structure which enables us to achieve additional cost efficiencies and share the benefit with our client,” Irene Waage Basili, the CEO of Shearwater GeoServices, said.
In the North Sea, the Polar Empress will execute a 4-D survey on the Ormen Lange Field of Norway and 3-D surveys on the Greeves and Blue Water fields in the U.K. sector. The Ormen Lange 4-D project will be Shearwater’s first at the field and is a large 1,000 sq km (386 sq miles) survey with 16 streamers over a period of two months starting late second-quarter. The Greeves and Blue Water 3-D surveys will take approximately a month to complete, using Flexisource triple source technology.
In Western Australia, the Polar Duchess will execute the Factory 3-D survey over a two month period covering over 3,000 sq km (1,158 sq miles). The project will commence in the second half of 2019.
Recommended Reading
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
2025-01-02 - U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
LNG, Data Centers, Winter Freeze Offer Promise for NatGas in ‘25
2025-02-06 - New LNG export capacity and new gas-fired power demand have prices for 2025 gas and beyond much higher than the early 2024 outlook expected. And kicking the year off: a 21-day freeze across the U.S.
Trump Ambiguous Whether Canadian-Mexico Tariffs to Include Oil
2025-01-31 - At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.
Predictions 2025: Downward Trend for Oil and Gas, Lots of Electricity
2025-01-07 - Prognostications abound for 2025, but no surprise: ample supplies are expected to keep fuel prices down and data centers will gobble up power.
Segrist: American LNG Unaffected by Cut-Off of Russian Gas Supply
2025-02-24 - The last gas pipeline connecting Russia to Western Europe has shut down, but don’t expect a follow-on effect for U.S. LNG demand.