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  • Spectrum: Acquisition of Fugro’s Global Multi-Client Library
    édité le 03/06/2015 - Plus de news de "Spectrum TGS" - Voir la fiche entreprise de "Spectrum TGS"


Spectrum: Acquisition of Fugro’s Global Multi-Client Library
Spectrum has entered into an agreement for the acquisition of Fugro’s Multi-Client library for a price of USD 115.0 million on a cash- and debt-free basis. The transaction is fully funded through a combination of bank debt and a fully guaranteed share issue.

Spectrum will, after the transaction, increase its 2D library by 115% in line km and increase its market position within 3D Multi-Client market.

The new combined Spectrum library will exceed 3.0 million km of 2D Multi-Client seismic data covering all major sedimentary basins worldwide. The company will have stronger positions in Brazil and Norway and have 2D data coverage in almost all oil and gas regions. The acquisition also gives Spectrum an attractive position within 3D multi-client data in Australia, Norway and the Netherlands. Thus, the Transaction significantly increases Spectrum’s global footprint and diversification both with regards to geography and product offering.

CEO of Spectrum, Rune Eng states: “This is a strategic game changer for Spectrum. It significantly strengthens our position both within MC2D and MC3D in key offshore O&G basins with high hydrocarbon prospectivity, regular license rounds and political stability. The Fugro library complements Spectrum’s library with minimal overlap and increased scale will yield material synergies.”

About FUGRO

Fugro creates value by acquiring and interpreting Earth and engineering data and by supporting its clients with the design, construction, installation, repair and maintenance of their infrastructure. Fugro works predominantly in energy and infrastructure markets offshore and onshore, employing approximately 12,500 employees in over sixty countries. In 2012 Fugro’s revenues amounted to € 2.2 billion, it is listed on NYSE Euronext Amsterdam and is included in the AEX-Index.

About Spectrum

Spectrum is an established pure-play Multi-Client services company. The company was initially founded in 1986 and was listed on the OSLO Axess exchange in 2008. In 2012 this listing was transferred to the Oslo Stock Exchange (OSE).

The Spectrum Group has built on the company’s reputation as a reliable seismic service provider and serves a global clientele. The Group provides innovative Multi-Client Services and high quality Seismic Imaging from regional offices in the UK, the USA, Norway, Singapore and Australia. The Spectrum Group also includes substantial regional processing centres in Cairo and Jakarta.

The group’s corporate vision is to deliver world leading Multi-Client Services and Seismic Imaging through persistence, dedication and commitment to quality.


Origine : Communiqué Spectrum TGS

Voir la fiche entreprise de "Spectrum TGS"



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