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    Shearwater Wins Reliance Industries Contract

Summary

This is the third contract award the company have won in India in recent weeks.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, News By Country, India

Shearwater Wins Reliance Industries Contract

Shearwater GeoServices has been awarded a 3D broadband marine seismic acquisition contract by India’s Reliance Industries in the Bay of Bengal, it said January 28. The project is scheduled to start in Q2 2020.

The survey covers 1,500 km2 of block KG-UDWHP-2018/1 in the Krishna-Godavari basin and will be executed by the Polar Duchess using a dual source design, Shearwater said.

“We are pleased to add Reliance as a new customer with this award for the coming season in India,” said Irene Waage Basili, the CEO of Shearwater GeoServices. “This is the third contract award we have won in India in recent weeks. As we continue to build our position in India, we expect increased utilisation for our fleet in Asia supported by short transits between contracts.”

In December, Shearwater was awarded a 3D broadband marine seismic acquisition campaign by state-run ONGC off the west coast of India. In the same month, ONGC awarded a combined 2D and 3D broadband marine seismic acquisition campaign for eastern offshore.