GC Rieber Shipping: Shearwater Awarded Woodside High-Density Multi-Azimuth Seismic Acquisition Project offshore Senegal

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Stock Exchange Notice
Date: 21 May 2019

GC Rieber Shipping: Shearwater Awarded Woodside High-Density Multi-Azimuth Seismic Acquisition Project offshore Senegal

GC Rieber Shipping ASA’s 20% owned geoservices company Shearwater GeoServices (“Shearwater”) is pleased to announce the award of a high-density multi-azimuth 3D seismic acquisition contract over the SNE field offshore Senegal by Woodside Energy (Senegal) B.V in its capacity as Operator of the SNE Field Development Joint Venture.

The contract covers the Sangomar, Sangomar Deep and Rufisque Offshore blocks, which include the SNE discovery.

The work, designed as high density and multi-azimuth survey, will be acquired by the Polar Marquis using 14 streamers, and FlexiSource triple source. Starting in early Q3 2019, the survey will take approximately 90 days to complete.

“We are pleased to see the award by Woodside of this complex multi-azimuth triple source contract over these significant Senegal discoveries” said Irene Waage Basili, the CEO of Shearwater GeoServices. “The award reflects our capabilities as a full-service geophysical service provider and the Polar Marquis’ excellent record operating offshore Africa.” 

For further information, please contact:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Irene Waage Basili, CEO, Shearwater GeoServices, phone: +47 900 98 688

About GC Rieber Shipping:
GC Rieber Shipping’s business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments subsea, ice/support and marine seismic.

The group has a specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels. GC Rieber Shipping currently operates 11 and has direct and indirect ownership in 22 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments.

The company has its headquarter and a ship management office in Bergen, and an additional 50% ship management company in Yuzhno-Sakhalinsk (Russia). The Company is listed on Oslo Børs with ticker RISH.

Further information is available on the company’s website www.gcrieber-shipping.com.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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