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Tuesday, June 17, 2014
OceanGeo B.V has been awarded a contract by an unnamed major European oil and gas company to acquire a substantial 3D ocean bottom seismic survey offshore Republic of Congo (ROC). The company expects the acquisition offshore ROC to commence in Q3.
Colin Hulme, OceanGeo’s CEO, commented, “We are extremely pleased to announce this award. OceanGeo has a proven track record of successfully acquiring ocean bottom seismic data, safely and efficiently. Since 2008, our crew has been operating offshore Brazil and Trinidad & Tobago, delivering superior reservoir understanding for our E&P clients. This award is in keeping with our strategy of deploying our crew into the West African region. With the full support of ION, we are well positioned to compete and thrive in the growing ocean bottom seismic market and are truly excited about our future.”
ION Geophysical Corp. just entered into an agreement to increase its ownership of OceanGeo to 100% by acquiring the remaining 30% in the company. ION acquired 30% of OceanGeo in February 2013 and increased its ownership to 70% in January 2014.
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