CGG Officially Exits Seismic Data Biz
French-based geophysical services company CGG announced that it has completed the wind-down and exit from its land seismic data acquisition business after completing its last land seismic acquisition contract in Tunisia.Following on from the company’s recently announced exits from seabed and marine data acquisition, this milestone marks the successful completion of CGG’s strategy to exit the seismic data acquisition business.To date, CGG still retains a minority shareholding in the ARGAS company operating in the Middle East.Sophie Zurquiyah, CEO of CGG, said: “The exit from our seismic data acquisition business, one of CGG’s long-standing historic areas of expertise…
Major Seabed Seismic R&D Collaboration
SpiceRack: CGGVeritas & Saudi Aramco join in major R&D collaboration to develop seabed seismic acquisition. Five months after CGGVeritas and Saudi Aramco signed a Memorandum of Understanding (MOU) for collaborative research and the development of geophysical acquisition, processing, analysis and interpretation technologies, the two companies have entered into a collaboration to conduct a major joint R&D project, known as SpiceRack, intended to herald a new innovative solution for seabed seismic acquisition. Under the terms of the SpiceRack project, CGGVeritas and Saudi Aramco will work in close partnership to develop, manufacture, and commercialize an innovative robotized solution for seabed seismic acquisition.
