Shearwater Geoservices gets work in oil-rich Guyana with ExxonMobil

Shearwater Geoservices

Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a contract for a large deepwater 4D OBN reservoir surveillance program by 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.

This follows the company recently completing a 4D towed streamer operation for ExxonMobil in Canada.

“We see a steady increase in deepwater 4D OBN monitoring activity internationally, and Shearwater is well positioned for this growth […],” said Irene Waage Basili, CEO of Shearwater.

Last week was a big one for ExxonMobil in Guyana. The supermajor submitted its environmental impact assessment for the development of its seventh oil project in the Stabroek block named Hammerhead. It will consist of 14 to 30 development wells, the installation and operation of an FPSO, and the installation of a gas export pipeline from the FPSO.

The project would start production in 2029, once it receives the required governmental approval, with a crude oil production capacity estimated at 120,000 and 180,000 bpd, increasing the country’s production capacity to more than 1.4m bpd.

Also, the fourth FPSO to be operated by an ExxonMobil-led consortium in Guyana is on its way to the South American country’s waters from Singapore. The One Guyana FPSO will be followed by two more FPSOs in the next two years.

Source: Splash247.com

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About Stu Turley 4802 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.