Shearwater GeoServices today announced a multi-year Global Agreement for the purchase of geophysical data acquisition services by WesternGeco, and the award of a survey in Australia under the new agreement.

The agreement enables access to Shearwater’s full range of acquisition technologies, and global fleet of seismic vessels.

“The new frame agreement with WesternGeco enables both companies to move quickly to respond to client needs and market opportunities,” said Irene Waage Basili, CEO of Shearwater. “With our fleet of modern seismic vessels and global reach, we can efficiently scale up to meet client requirements as demand increases.”

The survey award, in the Bonaparte Basin offshore Australia, will last approximately two-and-a-half months and will be conducted by the Geo Coral, equipped with a multi-component sensor system. The survey is subject to regulatory approvals in Australia.

The objective of the proposed seismic survey is to provide an improved subsurface image of the eastern flank of the Vulcan Sub-basin and Londonderry High. The new data will provide an improved understanding of the subsurface, which to-date has been limited due to legacy surveys being unable to resolve shallow carbonate intervals and complex faulting. Ultimately the new data will provide improved confidence in mapping major geological units aiding in the identification and de-risking of petroleum prospectively across the Seismic Survey area.

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