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Arntzen de Besche assists GC Rieber Shipping ASA and RASMUSSENGRUPPEN AS in the establishment of Shearwater GeoServices AS

Arntzen de Besche assists GC Rieber Shipping ASA and RASMUSSENGRUPPEN AS in connection with the establishment of a new, jointly owned marine geophysical company called Shearwater GeoServices AS.

Shearwater GeoServices will be an integrated provider of marine geophysical services, and own four modern, high-capacity seismic vessels, previously leased by GC Rieber Shipping ASA to Dolphin Geophysical ASA. Substantial system and asset values have be secured through continuation of operations following the bankruptcy in Dolphin Geophysical ASA (“Dolphin”). MUSD 60 million will be injected through equity, and Shearwater has agreed to purchase the seismic equipment, including streamers, and the processing business from the former lending banks of Dolphin. 

Read more about Shearwater GeoServices here.

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