Shearwater pens worldwide survey deal with TotalEnergies

Norwegian offshore seismic vessel player Shearwater Geoservices and French energy major TotalEnergies have signed a three-year firm capacity reservation agreement for worldwide marine seismic streamer acquisition services.

The agreement guarantees a minimum of 18 vessel months of activity for Shearwater’s seismic fleet.

“This capacity agreement is the first of its kind with a major E&P company. This strategic CRA will in addition to providing valuable visibility for both parties and utilisation for Shearwater, also offer a great platform for potential further collaboration across other services in our portfolio,” said Irene Waage Basili, CEO of Shearwater.

The deal with TotalEnergies comes a week after the company won a contract for a deepwater 4D OBN reservoir surveillance program from US supermajor ExxonMobil in 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 a source vessel and a dual ROV vessel for node deployment.