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CGG announces the sale of its US land seismic multi-client library

Published by , Editorial Assistant
Oilfield Technology,

CGG has announced the sale, to Bon Ton Seismic LLC (Bon Ton), of its US land seismic multi-client library encompassing approximately 20 000 square miles (about 52 000 km) of 3D seismic data for a total cash consideration of US$63 million.

Commenting on the transaction, Sophie Zurquiyah, CEO of CGG, said: “The sale of our US Land data library is part of a continuous process of business portfolio management that was initiated in 2018. Earth Data will continue to focus on key prolific offshore hydrocarbon basins, CCUS, Minerals & Mining, and Digital. We are pleased to put our extensive land portfolio in the capable hands of Bon Ton.”

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