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Shearwater GeoServices comment on streamer technology joint venture
"Since the announcement of the CGG transaction in June 2019, Shearwater shared their intent to form a joint technology partnership for future marine streamer seismic acquisition systems with Sercel. The Vessel and Capacity part of the transaction with CGG was successfully completed in January this year and has resulted in a very close working relationship between CGG and Shearwater.

Due to the downturn in the oil & gas industry, triggered by the COVID-19 pandemic, CGG and Shearwater have jointly agreed to suspend negotiations around creating a marine streamer equipment JV. Both Shearwater and CGG confirm their commitment to the technology advancements needed in the industry and remain open to explore future cooperation on technology in the years to come”, said Irene Waage Basili, the CEO of Shearwater GeoServices.

About Shearwater GeoServices Holding AS

Shearwater GeoServices Holding AS is a global, customer-focused and technology-driven provider of marine geophysical services. The company has the world’s largest fleet of high-end seismic vessels and a portfolio of proprietary technologies and software that provide customers with a full-range of towed streamer and ocean bottom geophysical acquisition techniques, efficient surveys and high-quality data. Shearwater has an industry-leading cost position and a strong balance sheet. Headquartered in Bergen, Norway, Shearwater is owned by RASMUSSENGRUPPEN AS, GC Rieber Shipping ASA, Schlumberger and Eidesvik Offshore.

About Sercel

Sercel is the world’s leading designer and manufacturer of innovative seismic equipment and reservoir monitoring instruments. Sercel provides oil field service companies and geophysical contractors with the widest range of leading-edge technologies for exploration in land, marine, ocean bottom, transition zone and reservoir environments.
Employing more than 1,500 people worldwide, Sercel’s main sales offices are located in Houston (USA) and Nantes (France).

A propos de CGG

CGG est un leader technologique mondial spécialisé dans les géosciences. Avec environ 4000 employés dans le monde, CGG fournit une gamme complète de données, de services et d'équipements pour la découverte et le développement responsables des ressources naturelles. CGG est coté sur Euronext Paris SA (ISIN: 0013181864).


Origine : Communiqué Shearwater GeoServices

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