TGS Acquires Spectrum
a key success factor.""TGS remains committed to maintain the existing dividend policy and emphasizes that the strong cash position, the combination of two free cash flow positive entities and significant cost synergies, will enable continued industry leading shareholder returns," he added.Rune Eng, President & Chief Executive Officer of Spectrum, said, "The strategic combination of TGS and Spectrum will form a stronger and better company with a world class data library, people and opportunities. We look forward to joining forces with TGS. There are strong strategic benefits from
Offshore Oil & Gas: Brazil’s Northern Frontier
Depth Migration) was made available for Brazil’s 11th round of bidding. In December 2013, Spectrum and CGG announced that it would launch, as equal partners, a large, high-end BroadSeis 3D multi-client survey program offshore Brazil focusing on a large area of the Foz do Amazonas Basin. Rune Eng, CEO of Spectrum said, “This opportunity for us to join forces with CGG in our project development and employ CGG’s top-notch technology in our next phase in this area is a milestone for Spectrum.” Rune also highlighted that “the Northern Margins of Brazil have been a core