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GC Rieber Shipping: Shearwater GeoServices awarded acquisition and processing contract in Turkey Oslo Stock Exchange:RISH




(MENAFN - GlobeNewsWire - Nasdaq) Stock Exchange Notice
Date: 9 September 2019

GC Rieber Shipping: Shearwater GeoServices awarded acquisition and processing contract in Turkey

GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices is pleased to announce the award of a seismic acquisition and depth processing contract by Türkiye Petrolleri Anonim Ortaklığı (TPAO). It is the second project to be executed for TPAO in 2019.

The survey covers an area of 6,200 sq. km and includes fast-track processing, followed by full time and depth processing. The 4-month project starts in Q3 2019 and will be conducted by the Polar Empress immediately after its completion of a full North Sea summer season.


For further information, please contact:

Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919


About GC Rieber Shipping:

GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments subsea, ice/support and marine seismic.

The group has a specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels. GC Rieber Shipping currently operates 11 and has direct and indirect ownership in 22 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments.

The company has its headquarter and a ship management office in Bergen, and an additional 50% ship management company in Yuzhno-Sakhalinsk (Russia). The Company is listed on Oslo Børs with ticker RISH.

Further information is available on the company's website www.gcrieber-shipping.com.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

 

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GC Rieber Shipping: Shearwater GeoServices awarded acquisition and processing contract in Turkey Oslo Stock Exchange:RISH

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