Shearwater GeoServices Awarded Bulgaria Black Sea 3D Survey by Total

GC Rieber Shipping ASA's 19% owned geoservices company Shearwater GeoServices ("Shearwater") is pleased to announce the award of a large towed streamer 3D acquisition and Fast Track processing project in the Black Sea by Total E&P Bulgaria B.V.. The contract award follows an active 2019 season in the Black Sea for Shearwater.

The survey covers 5,500 sq. km in the Han Asparuh block 1-21 using Flexisource triple source together with Fast Track processing enabled by Shearwater's proprietary Reveal software. The three-month survey starts in Q1 2020 and will be carried out by the Oceanic Vega.