Seabed Geosolutions firms up new contracts

Offshore staff

Leidschendam, the Netherlands - Seabed Geosolutions will soon mobilize for a variation order signed today by Abu Dhabi National Oil Co. (ADNOC) with CGG to conduct a shallow-water seabed survey.

To be held over the Ghasha-Butini field offshore Abu Dhabi, north of Ruwais, the survey will take around 12 months and has a value of around $125 million.

In addition, Seabed Geosolutions has mobilized for an ocean bottom cable survey in Asia/Pacific with a value of approximately $55 million. This survey is expected to be finished in 4Q 2015.

Formed in February 2013, Seabed Geosolutions is owned 60% by Fugro and 40% by CGG.

07/27/2015

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