Stock Exchange Notice
Date: 4 November 2019
GC Rieber Shipping: Shearwater GeoServices awarded South Africa seismic project by Total
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V.
The survey at block 11B-12B will be Shearwater’s first project offshore South Africa. It has a base duration of 2 months starting in Q4 2019 and covers an initial program of 3,650 linear km. It will be acquired by the Multi-Purpose Vessel (MPV) SW Cook. The project includes fast-track processing facilitated by the vessel’s high-capacity onboard computer facility and experienced processing teams linked by satellite to client and project teams.
For further information, please contact:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919
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 13 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.