Shearwater GeoServices chief executive Irene Waage Basili never imagined that, less than five years after it was established, the Norwegian company would achieve the top spot in the global marine seismic acquisition market.

“Today’s scenario is exceeding our expectations when we started,” Basili admits. “But the market was ripe for consolidation, and from the outset we and our owners have taken a long-term positive view of the market.”