Shearwater GeoServices

Name

Shearwater GeoServices

Legal name

Shearwater GeoServices Holding AS

Website

http://www.shearwatergeo.com/

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Marine Geophysical Services

NAICS

Geophysical Surveying and Mapping Services (54136)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)

Keywords

• Marine seismic acquisition
• Ocean bottom node surveys
• Seismic processing software
• Geophysical data library
• Subsurface imaging services

Headquarters

HQ city

Kent

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Marine Seismic Acquisition Services: Contract seismic acquisition services using company-owned fleet of seismic vessels for towed streamer and OBN surveys. Revenue recognized as projects are executed.
2. Multi-Client Data Library: Multi-client seismic data acquired and licensed to multiple customers. Revenue recognized from pre-funding by industry partners and subsequent sales of decision-ready data from the library.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Shearwater GeoServices is a marine geoscience and technology business that provides contract seismic acquisition services using its owned fleet of high-end vessels for towed streamer and ocean bottom node (OBN) surveys, primarily for oil and gas exploration and production companies. The company also licenses multi-client seismic data libraries, offers proprietary seismic processing and imaging software (Reveal), and delivers CCS site characterization and new energy geoscience surveys.

Product overview

Shearwater GeoServices operates as a unified marine geoscience and technology business offering an integrated portfolio of seismic acquisition technologies and processing solutions. The core technology stack combines proprietary hardware (Isometrix multi-component streamers, Pearl ocean bottom node platform) with the Reveal seismic processing software, unified through the Monsoon cloud collaboration platform. The company provides end-to-end services including 3D/4D towed streamer acquisition, OBN seismic surveys, and multi-client data libraries. Key vessels include SW Tasman (OBN platform with integrated node deployment and source capabilities), SW Empress, SW Duchess, and SW Gallien. The portfolio spans exploration and production solutions, carbon capture storage monitoring, and new energy applications.

Differentiator

Problem solved

Functional benefit

Brands

• Reveal: Industry-leading seismic processing software platform
• Monsoon
• Isometrix
• Pearl
• Waves Programme

Products and services

• Exploration & Production Solutions

Quantifiable outcome

• 42.9% reduction in CO2e intensity achieved vs 2019 baseline (targeting 35% reduction by 2030)
• +4 more outcomes

Named customers10 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core, flagship and supporting.

• Harvex GeosolutionscoreStrategic or Co-development Partner · 22 December 2025Multi-client seismic project offshore Nigeria in partnership with Harvex Geosolutions and Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Survey backed by significant industry funding.
• TotalEnergiesflagshipStrategic or Co-development Partner · 5 March 2025Three-year firm global marine seismic capacity reservation agreement (CRA) guaranteeing minimum 18 vessel months of activity for Shearwater's high-end seismic fleet. Reflects longstanding relationship spanning geophysical data collection, production monitoring, and CCS activities.
• Searcher SeismiccoreStrategic or Co-development Partner · 18 November 2024Multi-client 3D seismic data acquisition partnership in Brazil's Pelotas Basin. Phase Three added 7,500 km² bringing combined regional library to over 17,000 km². Solid industry funding backing the acquisition.
• NVIDIAcoreTechnology or Integration · 10 June 2024Technology collaboration achieving 10x speed-ups in seismic processing algorithms using NVIDIA GH200 Grace Hopper Superchip. Enables faster time-to-image and improved energy efficiency in HPC workloads.
• AWS (Amazon Web Services)supportingTechnology or IntegrationCloud collaboration for Reveal seismic processing software deployment. Reveal designed to be cloud-agnostic and runs efficiently on AWS infrastructure.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PGS (Petroleum Geo-Services): PGS is the closest direct competitor to Shearwater in marine seismic acquisition, operating a global fleet of towed streamer and OBN vessels and competing head-to-head on IOC tenders. Both companies share the same customer base (Shell, ExxonMobil, Equinor, TotalEnergies) and serve the same exploration and reservoir surveillance workflows.
• TGS: TGS is a leading multi-client seismic data library provider that also operates acquisition capacity, directly comparable to Shearwater's multi-client business (e.g., Pelotas Basin with Searcher). The companies compete for the same IOC licensing budgets and jointly bid on the same multi-client co-funding opportunities.
• CGG: CGG is a geoscience company that competes with Shearwater in seismic processing, imaging, and multi-client data libraries. After divesting marine acquisition vessels, CGG remains a direct competitor in subsurface imaging and software — and a competing buyer of Shearwater's processing services on third-party data.

Broad incumbents

• BGP (CNPC subsidiary): BGP is the world's largest land and marine seismic contractor, owned by CNPC. It competes globally for marine seismic tenders — including those Shearwater pursues — and offers integrated acquisition-to-processing services at greater scale, backed by Chinese national oil company demand.
• ION Geophysical: ION Geophysical provides seismic acquisition technology, software, and multi-client data. While smaller than Shearwater in pure marine acquisition, ION competes in adjacent segments including seismic software, ocean bottom systems, and survey planning services.

Others

• Fugro: Fugro is a global marine geoscience and survey company providing seabed mapping, geotechnical, and positioning services that complement — and partially overlap with — Shearwater's marine survey capabilities. Both serve offshore energy and offshore-wind clients and compete for adjacent survey budgets.

Emerging players

• Searcher Seismic: Searcher is a multi-client seismic data specialist that is both a partner (Pelotas Basin JV) and adjacent competitor to Shearwater. They compete for new multi-client survey co-funding and licensing opportunities, particularly in frontier basins.
• EMGS (Electromagnetic Geoservices): EMGS provides controlled-source electromagnetic (CSEM) seabed logging — a complementary but distinct subsurface imaging technology. EMGS targets the same IOC exploration clients as Shearwater and competes for shares of exploration budgets in frontier and deepwater basins.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/shearwatergeo
• LinkedInlinkedin.com/company/10952652
• Instagraminstagram.com/shearwatergeo
• Xx.com/ShearwaterGeo

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shearwater GeoServices