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Hordaland p Brs | 21 August 2019 Born out of Bergens maritime - - PowerPoint PPT Presentation
Hordaland p Brs | 21 August 2019 Born out of Bergens maritime - - PowerPoint PPT Presentation
Hordaland p Brs | 21 August 2019 Born out of Bergens maritime cluster we came of age one year ago + We became one the worlds marine seismic leaders Owning the worlds largest fleet of high -end seismic vessels 11 High-End 3D
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+ …we came of age one year ago
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We became one the world’s marine seismic leaders
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Owning the world’s largest fleet of high-end seismic vessels
11 High-End 3D Streamer Vessels and 3 MPVs Technology and Manufacturing Processing & Imaging Reveal
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Customers across the world have welcomed us
New contract awards since close of WesternGeco transaction in November 2018
11-Dec- 2018 Duration: Vessel: 11-Dec- 2018 6-Feb- 2019 25-Feb- 2019 21-Feb- 2019 6-Feb- 2019 19-Mar- 2019 26-Mar- 2019 9-Apr- 2019 11-Apr- 2019 21-May- 2019 1 month
WG Tasman and WG Cook
OBS ~4 months
WG Tasman and WG Cook
OBS ~8 months
Amazon Warrior
3D 3 months
Polar Empress
3D / 2D 5 months
Polar Marquis
3D 2 months
Polar Empress
3D ~5 months
Polar Empress and Polar Duchess
3D / 4D ~3 months
Polar Marquis
4D baseline 3 months
Amazon Conqueror and WG Amundsen
4D ~2 months
Amazon Conqueror
4D 1 month
Amazon Conqueror
3D Type of work: Customer: 4-Jun- 2019 ~4 months
Polar Duchess
3D ~2 months
Amazon Conqueror and WG Amundsen
4D 25-Jun- 2019
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Our efforts have yielded an active fleet and growing backlog
3 10 2018 2019 11 26 2018 2019 2018 2019
Active vessels “summer season” Backlog vessel months* Backlog value USD*
~3.5x
* As of end June 2019 * As of end June 2019
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In June, we announced that our voyage continues…
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Marine acquisition technology
We are building a global marine seismic acquisition company
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Transformational acquisition of Schlumberger’s marine seismic acquisition business Well received by customers proven by numerous contract awards CGG transaction adding further scale to Shearwater's cost efficient platform Shearwater became the world’s largest marine seismic acquisition company after acquiring Schlumberger’s marine seismic acquisition business A transaction in line with Shearwater’s industrial strategy to position and adapt to a changing marine seismic market Select customers in current backlog Marine Streamer Technology NewCo
+ + +
Contract awards since December 2018
1) Acquired WesternGeco assets also include 2 source vessels; 2) Multi-purpose vessel; 3) Per August 2019; 4) CGG transaction announced 4 June 2019. Shearwater and CGG. Transaction close planned by YE 2019; 5) CGG transaction also include 2 additional 3D vessels.
+
10x1
High-end 3D vessels/ MPVs2
4x
Streamer sets
12x
Streamer sets
4x
High-end 3D vessels
~553
Vessel months awarded
6x
High-end vessels reactivated
5x5
High-end 3D vessels
5x
Streamer sets
10x
- Min. commitment
vessel years
Completed November 2018 December 2018 – 2019 YTD H2 2019
4
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Technology is the main driver for our industry
- Most new fields will be developed through existing infrastructure
- Typically, much smaller prospects
- New technology needed
- Shearwater to be in the forefront of this development
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Attitude is still a small thing that makes a big difference
Building a global leader
- ut of Bergen!
- An area with a strong maritime tradition…
- … and entrepreneurial spirit
- Access to competent and relevant workforce
- Customer centric and flexible approach
- Platform to develop new, sustainable seismic
solutions
Source: ) Google maps