SW Tasman and Pearl Node Technology Head to South America for OBN Campaign

Shearwater Geoservices has been awarded a significant three-year ocean bottom node seismic acquisition contract with a major oil and gas company, offshore South America. The contract will be carried out by the vessel SW Tasman using the company's Pearl node technology, with SW Gallien providing source operations. The contract spans three years and includes firm scopes in the first and third years, with operations expected to commence in the fourth quarter of 2026.

 

Details of the Contract

 

Shearwater has secured a major contract. It is a three-year OBN contract. The client is a major oil and gas company. It concerns seismic acquisition. It is located offshore South America.

The contract has a defined structure. It spans three years. It includes firm scopes. These fall in the first and third years. A framework allows further projects.

 

The Vessels and Technology

 

The contract uses specific assets. The vessel SW Tasman will carry it out. It uses the company's Pearl node technology. Another vessel provides source operations. This is the SW Gallien.

The technology is internally developed. Pearl is the company's node technology. The Tasman has a unique design. Together they form the OBN platform. This is central to the contract.

 

The Timeline

 

The contract follows a phased timeline. Operations commence in late 2026. This is the fourth quarter. They continue through 2027. Both vessels will operate then.

A subsequent scope follows later. It is expected in late 2028. It will continue for about 10 months. This reflects the phased structure. It spans the contract period.

 

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The Strategic Value

 

The contract marks a milestone. Company leadership cited its significance. It concerns the OBN platform. This combines Pearl technology and the vessel. It secures a South American position.

The contract targets a key basin. Company leadership called it important. It is among the world's most important. It is an offshore basin. The company contributes to its development.

 

Significance of the Award

 

The award strengthens the company's position. It secures work in South America. It demonstrates its OBN capabilities. It combines proprietary technology. This differentiates its offering.

The contract provides revenue visibility. It spans three years. Firm scopes add certainty. The framework allows further work. This supports the company's OBN business.