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Shearwater will deploy its SW Diamond vessel for the contract. PHOTO SOURCE: Shearwater GeoServices
Petrobras (NYSE: PBR) has awarded Shearwater GeoServices Holding AS a landmark contract for a deepwater ocean bottom node (OBN) 3D seismic survey for the Tupi and Iracema projects in the Santos Basin, Shearwater reported Wednesday.
According to Shearwater, the Tupi field survey will be the largest OBN seismic survey in Brazil. The marine geophysical firm pointed out the seismic acquisition at Tupi – considered Brazil’s first super-giant oil field – will be a base survey for potential future 4D surveys.
“This award confirms Shearwater’s leadership in deepwater OBN, an exciting, growing, and future-oriented sub-segment of the marine seismic industry,” commented Shearwater CEO Irene Waage Basili. “It reflects our scale, high-end vessels, and dedication to technology and represents a substantial addition to our backlog. We are pleased to again work for Petrobras.”
Oil rose to the highest in over a year.
(Bloomberg) Oil rose to the highest in over a year as U.S. oil output plunged by a record 40% amid the ongoing energy crisis in the country.
Futures climbed 1.8% in New York after flipping between gains and losses earlier on Wednesday. The deep freeze causing historic power outages across the central U.S. has led oil output to fall by more than 4 million barrels a day nationwide. Meanwhile, Brent’s nearest contract is trading at its strongest premium to the following month in over a year, with North Sea traders this week frantically bidding for the region’s cargoes as replacements are sought for U.S. crude exports.