Shearwater GeoServices has secured a 10,000km² marine seismic acquisition services contract for Total and Eni’s 2018 exploration programme located nearly 300km offshore Myanmar.

The survey will include two offshore blocks YWB and MD-04 operated by Total and Eni respectively.

As part of the contract, Shearwater will deploy ‘Polar Empress’ vessel to carry out the survey work. Built in 2015, the vessel has a capacity of up to 22 streamers.

The survey is scheduled to start this month and is expected to take around six months.

Shearwater GeoServices CEO Irene Waage Basili said: “We are pleased to be awarded this significant contract with two oil majors known for their high HSE and quality standards and requirements for leading operational performance.

“Shearwater has undertaken a significant effort since its inception to pre-qualify for work with major oil companies.”

“Shearwater has undertaken a significant effort since its inception to pre-qualify for work with major oil companies. We see this recent award as a validation of that strategy, and appreciate the positive engagement of our clients to achieve this.”

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By GlobalData

This contract represents the second recent significant contract award to Shearwater.

In November last year, the company was contracted by an NOC for a five to six months period, under this it started mobilising the vessels ‘Polar Duchess’ and ‘Polar Marquis’ last month.

Basili added: “The seismic market remains challenging, but on the back of a solid operational performance in 2017 in combination with recently awarded contracts, Shearwater is well-positioned through the winter season and for 2018 as a whole.”

Jointly owned by GC Rieber Shipping and Rasmussengruppen, Shearwater provides marine geophysical services and owns a fleet of four modern seismic vessels.