Shearwater Adds 2nd for TGS Survey

November 21, 2019

The marine geophysical services company Shearwater GeoServices has expanded the Malvinas 3D multi-client seismic program offshore Argentina from one to two vessels.

The expansion adds 5-months of work, bringing the total project to 11-vessel months, said the 50/50 joint venture between GC Rieber Shipping and Rasmussengruppen  AS.

One of Shearwater’s industry leading high capacity seismic vessels will be used for the project, capable of deploying large streamer spreads in tough environments.

“We are very pleased to see a second vessel added to the TGS Argentina program,” said Irene Waage Basili, the CEO of Shearwater GeoServices. “Market visibility for 2020 has increased significantly and clients are booking capacity earlier than in previous years.”

The Malvinas 3D seismic survey will now cover about 17,800 sq km (6,873 sq mi) of the highly prospective Malvinas basin. This expansion represents a 10,500 sq km (4,054 sq mi) increase from the previously announced 7,300 sq km (2,819 sq mi).

TGS operates as NOPEC Geophysical in Argentina.



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