Shearwater Geoservices has received two separate letters of award from Oil and Natural Gas Corporation (ONGC) for large offshore 3D seismic acquisition projects in India. Together, the projects will add approximately 15 vessel-months to Shearwater’s backlog and strengthen its fleet utilisation into 2027.
The awards will employ two of Shearwater’s high-capacity 3D seismic vessels. A nine-month project will be carried out off India’s west coast, while a second vessel will undertake a six-month survey off the east coast. Both acquisition programmes are expected to begin early in the fourth quarter of 2026.
“These awards represent a significant addition to Shearwater’s backlog at attractive terms in a strategically important market,” said chief executive Irene Waage Basili. “We have built a strong position in India with a continuous presence since 2016, leveraging our industry-leading capabilities and knowledge of the local market. Our long-standing relationship with ONGC demonstrates our extensive operational track record.”
Basili said the awards would provide a foundation for continued fleet activity and the delivery of geophysical data supporting regional value creation.
The projects currently remain under letters of award, with final contract execution expected during the third quarter of 2026. Shearwater did not identify the vessels, disclose the survey areas or provide financial details.
