Shearwater Geoservices gets work in oil-rich Guyana with ExxonMobil

Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a contract for a large deepwater 4D OBN reservoir surveillance program by US supermajor ExxonMobil in Guyana.

Under the award, Shearwater will commence a six-month survey starting in the first half of 2025. The field unit will be comprised of a Shearwater seismic vessel as a source vessel and a dual ROV vessel for node deployment.

This follows the company recently completing a 4D towed streamer operation for ExxonMobil in Canada.

“We see a steady increase in deepwater 4D OBN monitoring activity internationally, and Shearwater is well positioned for this growth […],” said Irene Waage Basili, CEO of Shearwater.

Last week was a big one for ExxonMobil in Guyana. The supermajor submitted its environmental impact assessment for the development of its seventh oil project in the Stabroek block named Hammerhead. It will consist of 14 to 30 development wells, the installation and operation of an FPSO, and the installation of a gas export pipeline from the FPSO.

The project would start production in 2029, once it receives the required governmental approval, with a crude oil production capacity estimated at 120,000 and 180,000 bpd, increasing the country’s production capacity to more than 1.4m bpd.

Also, the fourth FPSO to be operated by an ExxonMobil-led consortium in Guyana is on its way to the South American country’s waters from Singapore. The One Guyana FPSO will be followed by two more FPSOs in the next two years.