Shearwater Geoservices awarded two offshore 3D seismic acquisition contracts by Oil and Natural Gas Corporation Limited (ONGC) in India

Type: Supply Agreement · Technology: Oil Gas · Country: India · Announced: 2026-08-12

Shearwater Geoservices secured two separate Letter of Awards (LOAs) from Oil and Natural Gas Corporation Limited (ONGC) for large offshore 3D seismic surveys in India. The contracts, valued at approximately 15 vessel months of backlog, include a nine-month project off India’s West coast and a six-month survey on the East coast, both expected to commence in Q4 2026. The awards will utilize two of Shearwater’s high-capacity 3D vessels, strengthening the company’s backlog visibility into 2027. Shearwater emphasized its long-standing relationship with ONGC, noting continuous operations in India since 2016 and a track record of delivering high-quality geophysical data. The projects are currently under LOA and progressing toward final contract execution, anticipated in Q3 2026.

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