Russia: Marine seismic joint venture formed

By OGJ editors
HOUSTON, Feb. 25
– CGGVeritas and JSC Geotech Holding signed a term sheet to create a joint venture to operate 2D and 3D marine seismic vessels in Russian and CIS waters.

The joint venture will provide marine seismic data acquisition and processing services. CGGVeritas will make available one 2D ice class vessel and one 3D ice class vessel to the joint venture.

CGGVeritas noted that the joint venture’s creation comes at a time when Russian and CIS Arctic exploration and production is becoming more important.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...