CGGVeritas Joint Ventures
2011-02-25 14:27:10 - Hydro International
CGGVeritas has signed a term sheet with JSC Geotech to create a joint venture to operate 2D and 3D marine seismic vessels, primarily in Russian and CIS waters, and with Elnusa to carry out 2D and 3D marine seismic surveys, in Asia Pacific Region, with main focus in Indonesia.
With JSC Geotech, the joint venture will provide marine seismic data acquisition and processing services for the oil and gas clients operating locally in Russia and CIS. CGGVeritas will make available one 2D ice class vessel and one 3D ice class vessel, to the joint venture.
The joint venture with Elnusa will provide marine seismic data acquisition services for oil and gas clients operating locally in Indonesia and the region. CGGVeritas will contribute one 4-streamer, purpose-built in Singapore, vessel, to the joint venture.
