Norway, April 24 -- Shearwater Geoservices AS ("Shearwater") has through one of its wholly owned subsidiaries entered into an agreement for the sale of the 2012-built vessel SW Baret. The vessel is being sold to an undisclosed party for conversion to a dedicated source vessel.The agreed sales price for the vessel and associated equipment exceeds the carrying book values, and the transaction is therefore expected to result in a sales gain in Shearwater's accounts. The transaction is also expected to have a positive impact on Shearwater's liquidity. Completion of the sale is expected late in the second quarter 2026. Upon completion of the transaction, SW Baret will undergo modifications to support the future operational profile as a source ve...