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Shearwater Receives 3D Seismic Survey Contract from KNOC Offshore South Korea

Shearwater GeoServices Holding AS has been awarded a contract for two 3D seismic surveys offshore South Korea, together with seismic data processing and imaging by Korea National Oil Corporation (KNOC). This is Shearwater’s first contract with KNOC.

The contract includes reservoir properties prediction analysis following processing. It will be the company’s first reservoir characterization project in partnership with Qeye, reflecting a complete workflow from geophysical data collection through to geoscience deliverables.

“By delivering the full sequence of geophysical services, from acquisition through to final subsurface property prediction, we support our client’s ambitions to shorten project timelines, increase technical assurance and generate additional value”, said Irene Waage Basili, CEO of Shearwater. “We look forward to working with KNOC in a new geographical market, and to deliver high-quality seismic data and reservoir characterization.”

The Myungtae 3D survey, in Block 6-1 Central & East, covers approximately 2,575 sq.km. The data will be processed through a full time and depth imaging sequence, with delivery of predicted reservoir properties. The second survey covers approximately 500 sq.km and with data processed through a full-time processing sequence.

Shearwater will use the Geo Coral to acquire the two 3D surveys. The surveys are expected to take approximately four months to complete during the summer of 2022. The Geo Coral is a high-capacity seismic vessel, capable of multicomponent acquisition, and has been operating throughout the Asia Pacific region for the past two years.

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