Offshore staff
LEIDSCHENDAM, the Netherlands – PXGEO Seismic Services Ltd. (PXGEO) has entered into a binding agreement with Fugro to acquire certain assets and the related business of Seabed Geosolutions for $16 million in cash.
The acquisition includes Seabed’s node inventory, handling equipment, related technology, and ocean bottom node backlog. In addition, a number of personnel responsible for delivering the Seabed Geosolutions’ business will transition to PXGEO.
The transaction is expected to be completed in mid-2021.
Fugro said it will retain the vessel Hugin Explorer and potential liabilities and claims related to ongoing litigation.
03/30/2021
