Shearwater GeoServices contracts in Asia Pacific terminated

Norwegian offshore survey specialist Shearwater GeoServices has received project termination notices for two contracts in Asia Pacific.

The first one includes a short project for Woodside in Australia and the second covers a survey for Reliance in India. The projects were terminated as per client’s rights within the respective contracts.

In the past month, many offshore players have suspended offshore exploration projects with plans to cut expenditure as a result of the coronavirus outbreak and sustained low oil prices.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button