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ExxonMobil Taps Shearwater Geoservices for a Large Seismic Survey
ZACKS· 2026-01-19 14:50
Core Insights - Exxon Mobil Corporation (XOM) has engaged Shearwater Geoservices for a 3D seismic survey to create detailed seismic images of its deepwater block offshore Trinidad and Tobago, covering an area of approximately 6,000 square kilometers [2][10] - The company signed a production-sharing contract (PSC) in August 2025 with the government of Trinidad and Tobago, merging seven deepwater blocks into one, which enhances operational efficiency [3][10] - ExxonMobil aims to leverage its experience in Caribbean geology to accelerate exploration in Trinidad and Tobago, replicating its success from Guyana [4][10] - The existing energy infrastructure in Trinidad and Tobago is expected to facilitate faster exploration and development timelines compared to Guyana [5][10] Industry Context - The operational history of ExxonMobil in Guyana showcases its capability and success in the Caribbean, which the company intends to replicate in Trinidad and Tobago [4] - The strategic use of existing infrastructure in both Trinidad and Guyana is anticipated to generate cost synergies and reduce development timelines for ExxonMobil [5]