PXGEO Activates Second OBN Crew for CGG Project in North Sea
a seismic acquisition project in the North Sea."CGG has awarded this work to PXGEO as part of a hybrid streamer and ocean bottom node project, with a duration of approximately three months," PXGEO said. No further details were shared.In June 2021, PXGEO acquired Fugro's subsidiary Seabed Geosolutions, a company specializing in Ocean Bottom Node surveys.The acquisition included a substantial ocean bottom node inventory, handling equipment, related technology, intellectual property, and project backlog
PXGEO Buys Fugro's OBN Subsidiary Seabed Geosolutions
Offshore seismic surveyor PXGEO has completed the acquisition of Fugro's subsidiary Seabed Geosolutions, a company specializing in Ocean Bottom Node surveys."The acquisition includes a substantial ocean bottom node inventory, handling equipment, related technology, intellectual property and project backlog. In addition, a significant number of personnel responsible for the successful delivery of over 44,000 sq. km. of OBN projects have accepted employment with PXGEO," PXGEO said. It did not say how many people exactly had joined the company.Duncan Eley, CEO of PXGEO said:
Seabed Geosolutions Receives LOA for Americas OBN Survey
Fugro's soon-to-be-sold marine seismic acquisition subsidiary Seabed Geosolutions has received a conditional Letter of Award (LOA) from an undisclosed company for an ocean bottom node (OBN) project in the Americas region.The project is anticipated to start in the fourth quarter of 2021 after the completion of the current crew commitment in Brazil, extending the crew’s operational engagement. The survey size has yet to be finalized, Fugro said Friday."Subject to closing of the recently announced divestment of Seabed Geosolutions to PXGEO, which is expected for mid-2021, this project will
Fugro to Sell Seabed Geosolutions to PXGEO
Dutch offshore survey services company Fugro has agreed to sell its Seabed Geosolutions subsidiary to PXGEO Seismic Services (PXGEO) for USD 16 million (approximately EUR 14 million) in cash. The transaction is expected to be completed in mid-2021.The divestment includes Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology, and order backlog. In addition, Fugro said that "a significant number of personnel" responsible for delivering the Seabed Geosolutions’ business will transition to PXGEO, with the exact number depending on further analysis of
Seabed Geosolutions Wins OBN Survey Work in Brazil
Ocean bottom seismic company Seabed Geosolutions has won a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil. The project, for an unnamed client, is to be acquired in water depths greater than 2,200 meters and the baseline survey is scheduled to start in the second quarter of 2021. The total combined duration of the two surveys is estimated at around eight months.Stephan Midenet, CEO of Seabed Geosolutions this would be the company's sixth project in Brazil "a core OBN market."The company, which collects geophysical data on
Fugro Takes Over Seabed Geosolutions
Fugro announced on Monday it has entered into an agreement to acquire CGG’s 40% shareholding in Seabed Geosolutions and to terminate the Seabed Geosolutions’ joint venture agreement effective December 30, 2019 in exchange for a cash consideration of $35 million, paid by CGG before year-end 2019.Fugro said it remains fully committed to divest the Seabed Geosolutions business which is a non-core asset held for sale. It is expected that this transaction, which will result in Fugro becoming the sole owner of Seabed Geosolutions, will facilitate the divestment process.In line with CGG's
Seabed Geosolutions to Perform Santos Basin Survey
Seabed Geosolutions has secured a letter of award to provide a 3D ocean bottom node (OBN) survey in 2,000 m of water in the Santos Basin, offshore Brazil.The 410-square-kilometer survey, which has a contract value of more than $50 million, will be performed for a prominent energy company using Seabed Geosolutions’ proprietary Manta OBN technology and remotely operated vehicles. The four-component (4C) project will begin in the second quarter of 2020 and will take around 4 months to complete.Stephan Midenet, CEO of Seabed Geosolutions, said, “We are excited to work with a pioneer in ocean-bot
CGG Kicks off OBN Survey in US Gulf
node (OBN) survey.Located in the north-central region of the Gulf of Mexico, this dense OBN survey will provide well-sampled, full azimuthal coverage with long offsets, to deliver exceptional data for imaging the geologically complex structures in Mississippi Canyon, the company said.According to Seabed Geosolutions, a joint venture between CGG and Fugro, the 3D node project will utilize its advanced 4C technology CASE Abyss ocean bottom nodes, deployed by remotely operated vehicles to 2,100 meter water depths, illuminating a challenging target area in one of the deepest offshore production areas in the
Seabed Geosolutions Wins GoM Survey
Marine seismic surveyor Seabed Geosolutions announced Wednesday it has been awarded a 3D ocean bottom node (OBN) survey in an ultra-deepwater area of the Gulf of Mexico by an unnamed major energy company.Covering 270 square kilometers and in water depths up to 2,100 meters, the survey will commence in the third quarter of 2019 and take approximately four months to complete, said Seabed Geosolutions, a joint venture between Fugro and CGG.It will be executed with ocean bottom nodes deployed by remotely operated vehicles and simultaneous source acquisition, with an imaging target that lies beneath a
February 2024
