Stock Exchange Notice
Date: 20 November 2019
GC Rieber Shipping: Shearwater GeoServices adds second vessel for TGS Argentina Survey
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices is pleased to announce an expansion of the previously announced South America survey for TGS in Argentina from one to two vessels.
The expansion adds 5-months of work, bringing the total project to 11-vessel months. One of Shearwater’s industry leading high capacity seismic vessels will be used for the project, capable of deploying large streamer spreads in tough environments.
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.