CGG completes wind-down of land seismic data acquisition business
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
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, marks the end of an era, and also the start of an exciting new chapter in our history. This is a key milestone in our CGG 2021 strategic vision to transition to an asset-light people, data and technology company. It secures the future sustainability of our business and provides a strong platform for organic growth.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/19022020/cgg-completes-wind-down-of-land-seismic-data-acquisition-business/
You might also like
TotalEnergies increases its interest in giant field Moho and divests two mature assets
TotalEnergies announces that its 85%-owned affiliate, TotalEnergies EP Congo, has signed an agreement with Trident Energy combining the acquisition of an additional 10% interest in the Moho license from Trident Energy and the sale to Trident Energy of its 53.5% interest in the Nkossa and Nsoko II licenses.