Date: 13 March 2017

GC Rieber Shipping - Shearwater GeoServices, TGS optional survey confirmed

Reference is made to the announcement on 19th January 2017, in which GC Rieber Shipping ASA's 50% owned geoservices company Shearwater GeoServices ("Shearwater") had entered into agreements with TGS for two seismic surveys, one firm and one optional. Shearwater has now received confirmation from TGS that the optional work program scheduled for start in early Q2 has been confirmed, adding approximately 4 months of backlog to the fleet.

For further information, please contact:

Einar Ytredal, CEO (act.), GC Rieber Shipping, phone: +47 975 20 184 

Øystein Kvåle, CFO (act.), GC Rieber Shipping, phone: +47 479 02 919 

About GC Rieber Shipping:

GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments subsea, ice/support and marine seismic.

The group has a specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels.

GC Rieber Shipping currently operates and has direct and indirect ownership in 11 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments.

The company has its headquarter and a ship management office in Bergen, and an additional ship management company in Yuzhno-Sakhalinsk (Russia). The company is listed on Oslo Børs with ticker RISH.


Further information is available on the company's website


This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.