Shearwater GeoServices has announced a new long-term frame agreement with Equinor for 4D seismic services on the Norwegian continental shelf.
The company said the agreement can also be applied for the UK continental shelf. Under the frame agreement, Shearwater has been awarded an initial survey over the Heidrun Field in the Norwegian North Sea.
Shearwater said it will allocate one of its high-end Isometrix vessels for the one-month Heidrun survey, which starts in Q2 2021. The award adds to a growing worldwide 4D order book and supports the company’s framework for optimizing vessel utilization.
“Shearwater’s commitment to geophysics and established leading 4D technology positions us well to deliver high quality time-lapse measurements for Equinor. This new frame agreement provides us with increased visibility and the opportunity to optimise utilisation and efficiency into the future,” said Irene Waage Basili, CEO of Shearwater GeoServices.
The frame agreement with Equinor has a firm period of two years starting in 2021 and includes two additional two-year option periods. The frame agreement is a continuation of a strong track record of collaboration and project execution between Equinor and Shearwater.