GC Rieber Shipping ASA

11/25/2019 | Press release | Distributed by Public on 11/25/2019 01:00

GC Rieber Shipping: Shearwater GeoServices awarded Black Sea 3D seismic acquisition contract by Shell

GC Rieber Shipping: Shearwater GeoServices awarded Black Sea 3D seismic acquisition contract by Shell

Stock Exchange Notice Date: 25 November 2019 GC Rieber Shipping: Shearwater GeoServices awarded Black Sea 3D seismic acquisition contract by Shell GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices is pleased to announce the award of a seismic acquisition contract by Royal Dutch Shell plc (Shell). The survey covers an area of approximately 600 sqkm in the western Black Sea. The one-month project will commence in Q4 2019 and will be conducted by the Polar Empress. 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 13 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.