Exxon Mobil announced that it has awarded a 3‑D seismic imaging contract to Shearwater Geoservices for its Ultra Deep 1 block offshore Trinidad and Tobago. The survey will cover approximately 6,000 sq km of deepwater terrain and is expected to last five months, beginning in February 2026.
The acquisition will be conducted by Shearwater’s Amazon Warrior vessel, which will deploy its multi‑component Isometrix streamer technology. The survey will target water depths between 2,000 and 3,000 meters, providing high‑resolution data that will help Exxon identify and evaluate new reserves in the block.
This contract marks a strategic return to Trinidadian waters after more than two decades and follows Exxon’s successful exploration in Guyana’s Stabroek block, where the company discovered over 11 billion barrels of recoverable oil and gas. By leveraging its Caribbean geology expertise and existing infrastructure, Exxon aims to accelerate exploration activities in Trinidad and Tobago and replicate the Guyana model.
The initial seismic phase is estimated to cost around $42.5 million, while the broader Ultra Deep 1 project could require $16.4 billion to $21.7 billion if commercial discoveries are made. The data will feed into Exxon’s exploration pipeline, potentially unlocking new reserves that could enhance the company’s long‑term asset base and support its high‑return, advantaged‑asset strategy in the region.
While no market reaction data is available, the contract underscores Exxon’s commitment to expanding its Caribbean footprint and signals confidence in the region’s untapped potential. The move also positions the company to capitalize on the growing demand for hydrocarbons in the Americas and to strengthen its competitive stance against other major players in the deepwater sector.
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