GC Rieber Shipping: Shearwater GeoServices awarded 1st Latin American Isometrix survey by Ecopetrol


Stock Exchange Notice
Date: 16 September 2019

GC Rieber Shipping: Shearwater GeoServices awarded 1st Latin American Isometrix survey by Ecopetrol

GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices is pleased to announce the award of a 3D Isometrix seismic survey by Colombia’s Ecopetrol S.A. It will be the first Isometrix survey in Latin America with marine acquisition starting in Q4 2019.

The survey covers 2 000 sq. km of 3D seismic offshore Colombia on Ecopetrol’s Block COL-5 and will be acquired by the SW Amundsen equipped with Isometrix multisensor streamer technology. Isometrix streamer technology is a true 3D multisensor system that can record the full seismic wavefield enabling better receiver deghosting and improved seismic images. The survey is expected to take 1.5 months to complete.

Shearwater experiences increased activity in Latin America and has established a new Colombian branch to support this coming operation. This follows the recent set-up of a subsidiary in Brazil to support Shearwater’s growth in the region.  

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 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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