GC Rieber Shipping ASA's 19% owned geoservices company Shearwater GeoServices Holding AS ("Shearwater") today announced the award by Petrobras of a large Ocean Bottom Node 4D Baseline survey over the Jubarte Field in the Campos Basin offshore Brazil.

Shearwater has positioned itself as a leading player in the deepwater OBN market, building on its established leading positions in the hybrid and shallow water ocean bottom seismic markets.

The 810 sq. km survey will commence in the first half of 2021 and be conducted over a 3-month period.

The survey will utilise the SW Diamond operating Shearwater's unique 3x3 source which is equipped with three sub-arrays on each of the three sources, compared to the conventional two, allowing increased efficiency without source compromise. While conventional sources vary their energy in one direction versus another, this project's omni directional source is designed to give out energy uniformly in all directions which will be key to 4D repeatability for this rich azimuth deepwater OBN acquisition.

Contact information:

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 is a shipowner and project-house with focus on developing profitable and sustainable maritime projects.  

Further information about the company, please go to 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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