Stock Exchange Notice
Date: 19 March 2019
GC Rieber Shipping: Shearwater GeoServices awarded acquisition and processing
contract in Turkey
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices
("Shearwater") is pleased to announce the award of a seismic acquisition and
depth processing contract by Türkiye Petrolleri Anonim Ortakligi (TPAO).
The survey contract covers an area of 2200 sqkm and includes fast track
processing, followed by full time and depth processing. Work will commence in Q2
2019 and will be conducted by the Polar Empress.
"We are very pleased to see the Polar Empress contracted by TPAO for this 14-
streamer survey, following on from efficient operations elsewhere completing
ahead of schedule. Achieving operational efficiency within each project and
maximizing utilisation over a program of projects is key to our results" said
Irene Waage Basili, the CEO of Shearwater GeoServices.
For further information:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Irene Waage Basili, CEO, Shearwater GeoServices, phone: +47 900 98 688
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 23 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, with an
additional 50 % owned 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.