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Shearwater GeoServices Secures Two New Surveys

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GC Rieber Shipping’s 50% owned geoservices company Shearwater GeoServices has been awarded 3D surveys in the Mediterranean and South East Asia, adding seven vessel months to the current backlog.

The surveys will be starting in the first half of Q4 2018. The Mediterranean survey will take approximately two months, and the South East Asia surveys will last for five months.

“We are pleased to be awarded these surveys firming up the backlog over the 2018/19 winter season, after we have seen utilization of 85% and transit of 15% for the first three quarters of 2018,” said Irene Waage Basili, Shearwater CEO.

The survey in the Mediterranean area covers approximately 1,300 sqkm and will utilize the Polar Empress vessel. The contract in South East Asia covers two survey areas, totaling over 8,000 sqkm, and will be conducted by the Polar Duchess vessel.

Shearwater GeoServices is jointly owned by GC Rieber Shipping and RASMUSSENGRUPPEN.