Shearwater awarded two large 3D seismic acquisition projects in India
Norway, Aug. 11 -- Shearwater Geoservices AS ("Shearwater") has received two separate Letter of Awards (LOA's) from Oil and Natural Gas Corporation Limited ("ONGC"), each representing a large offshore 3D seismic survey offshore India. Combined, the two projects add approximately 15 vessel months of backlog.The awards, which will utilise two of Shearwater's high-capacity 3D vessels, include a nine-month project offshore India's West coast, and a six-month survey on the country's East coast. Both projects are expected to commence early in the fourth quarter of 2026, materially strengthening vessel utilisation visibility into 2027. The projects are currently under LOA and are progressing toward final contract execution, expected during the thi...
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