Shearwater to acquire five vessels from CGG

Shearwater to acquire five vessels from CGG Image: shearwatergeo.com

Shearwater GeoServices has signed a binding term-sheet with France's CGG for the purchase of five streamer vessels jointly owned by CGG Marine Resources Norge and Eidesvik Offshore.

CGG will continue to operate the vessels and execute on-going acquisition contracts and customer commitments until deal closure.

The final transaction agreements are scheduled to be executed before the end of June with closing planned before year-end.

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