CGG Signs Binding Term-Sheet with Shearwater for High-end Seismic Vessels and Creation of Global Leader in Streamer Technology
CGG S.A. (CGG) today signed a binding term-sheet with Shearwater GeoServices Holding AS (Shearwater) for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company. The term-sheet covers the purchase of five high-end streamer vessels jointly owned by CGG Marine Resources Norge AS and …
Polarcus orders two new high-end 3D seismic vessels 4
Signed shipbuilding contracts for two 14-streamer 3D seismic vessels Total estimated project CAPEX of USD 168 million per vessel Optimized vessel size for cost effective operations Timely delivery of both vessels in first half 2012 Highly favorable financial terms with 80% of project CAPEX payable at, or close to delivery …