Shearwater Announces Company presentation and selected Q4 2024 operational data

Source: www.gulfoilandgas.com 2/25/2025, Location: Europe

Shearwater Geoservices AS (“Shearwater”) is presenting at SpareBank 1 Markets 2025 Energy Conference.

Please see the attached presentation, which includes the following preliminary operational data for the fourth quarter of 2024 and early 2025:
• Q4 average active fleet of 9.9 vessels, with 50% utilisation on the active fleet
• Year-end contract backlog of USD 337 million, relatively flat development to USD 333 million in February 2025

Shearwater will publish the fourth quarter 2024 report on 28 February 2025.

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