Shearwater GeoServices Holding AS has announced a collaboration agreement with Equinor on May 21 to develop next-generation marine seismic source technology for more efficient and environmentally friendly data collection. The development is supported by the Research Council of Norway.
“This collaboration targets an untapped potential of seismic sources with the goal of delivering better quality seismic data faster than current source technology,” Irene Waage Basili, CEO of Shearwater GeoServices, said. “We aim to bring about a step-change in productivity by completing surveys faster and reducing the overall cost and external impact of marine seismic acquisition.”
Under the terms of the agreement, Shearwater will accelerate the development of its marine vibratory source technology. Marine vibrator sources provide total control of the emitted wavefield, which is fundamentally different to existing source technology. The non-impulsive nature of this type of source technology will bring environmental benefits, especially in sensitive, difficult to reach areas and extreme climates.
Shearwater will have the exclusive rights to market the system and Equinor will have initial, preferential access to the technology.
Recommended Reading
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.
Galp Seeks to Sell Stake in Namibia Oilfield After Discovery, Sources Say
2024-04-22 - Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia.