Seismics

Shearwater, TotalEnergies Sign Global Marine Seismic Capacity Reservation Agreement


Published: Wednesday March 5, 2025
By: Oilfield Africa Review

Shearwater Geoservices and TotalEnergies have signed a three-year firm capacity reservation agreement for worldwide marine seismic streamer acquisition services.

The CRA reflects the longstanding relationship between TotalEnergies and Shearwater straddling across geophysical data collection and analysis, supporting exploration effort, production monitoring and carbon capture and storage activities. The CRA guarantees a minimum of 18 vessel months of activity for Shearwater’s high-end seismic fleet.

“Shearwater seeks to evolve the global marine seismic market through technology innovation and by developing new commercial models. We are proud to deliver on plan through this strategic collaboration with TotalEnergies, a longstanding client of Shearwater and one of the true explorers in our industry.

 This capacity agreement is the first of its kind with a major E&P company. This strategic CRA will in addition to providing valuable visibility for both parties and utilisation for Shearwater, also offer a great platform for potential further collaboration across other services in our portfolio. We are very pleased to have reached this agreement with TotalEnergies.

Our aligned interests and a focus on new frontier areas makes us a very complementary fit, and we look forward to start delivering on this agreement supporting TotalEnergies global exploration strategy.,” said Irene Waage Basili, CEO of Shearwater.

Sponsored Partners

Discover our premium partners and explore their innovative solutions in the industry

Technology
NCDMB Unveils Digitisation Initiative to Transform the Energy Sector
Thursday October 9, 2025
Acquisition And Merger
Sintana Energy Acquires Challenger Energy Group
Thursday October 9, 2025
Exclusive
NCDMB, NDDC Commit to Collaboration for Effective Service Delivery
Wednesday October 8, 2025
Nigeria
Nigeria Reports a 762.5% Increase in Drilling Rigs Operations
Wednesday October 8, 2025
Hydrogen
OMV Sets Record on Green Hydrogen Production in Europe
Wednesday October 8, 2025
Uganda
Uganda’s 60,000BPD Refinery to Begin Operations in Q4 2029
Wednesday October 8, 2025