SHEARWATER GROUP PLC

Earnings Release • Jan 15, 2026

Shearwater secures large 3D seismic survey in South America

Shearwater secures large 3D seismic survey in South America

Bergen, 15 January 2026 -- Shearwater Geoservices ("Shearwater") has been

awarded a contract for a large 3D seismic acquisition programme for ExxonMobil

Trinidad and Tobago Deepwater Limited.

The deepwater survey offshore Trinidad and Tobago will cover approximately

6,000 square kilometres of full-fold area. The acquisition is scheduled to

commence in the first quarter of 2026 and is expected to take around five

months.

Shearwater's high-capacity streamer vessel Amazon Warrior will undertake the

acquisition, utilising its multi-component Isometrix streamer technology. The

project will deliver high-quality seismic data to support future planned

exploration activities in the area.

For further information:

Irene Waage Basili, CEO, Shearwater Geoservices, phone: +47 90 09 86 88

Kristian Rådal, Head of Investor Relations, phone: +47 99 23 61 58

About Shearwater:

Shearwater is a global marine geoscience and technology business that

specialises in collecting data offshore. The organisation uses state-of-the

art seismic vessels and equipment to explore beneath the seabed and processes

the data using market-leading proprietary software. These insights help

clients understand the Earth and make informed decisions about accelerating

responsible use of its resources. Shearwater's headquarters is in Bergen,

Norway, with more facilities all around the globe. The company employs around

1,100 people.