Seabed Geosolutions completes transformation to ocean bottom node company

Source: press release, 13 November 2019

Seabed Geosolutions, a joint venture between Fugro and CGG, collects geophysical data on the seabed through an array of imaging technologies for oil and gas companies, focused on the development and production phases of their fields
Seabed Geosolutions, a joint venture between Fugro and CGG, collects geophysical data on the seabed through an array of imaging technologies for oil and gas companies, focused on the development and production phases of their fields (photo: Fugro)

Seabed Geosolutions announces that it has signed a contract to sell the entirety of its shallow water ocean bottom cable (OBC) recording equipment for around USD 10 million. This equipment was used on a recently completed project for Abu Dhabi National Oil Company in the United Arab Emirates.

Stephan Midenet, CEO of Seabed Geosolutions, says, “The sale of our last cable-based system completes the transformation of Seabed Geosolutions into a pure ocean bottom node (OBN) company. We are now largely focused around our Manta® suite of technologies, comprised of both a proprietary node and deployment systems, and which has been designed to deliver leading efficiencies in all water depths.”

Seabed Geosolutions will continue to leverage its shallow water expertise through innovative technology approaches and cost-effective business models, with a strong focus on the Middle East.