Powered by

Shearwater closes deal to buy Schlumberger marine seismic unit

Nov 16, 2018 - Marketline Newswire

Shearwater GeoServices has closed the transaction to purchase the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of oilfield services firm Schlumberger.

The company signed an agreement for the transaction with Schlumberger in August.As a result of the transaction, Schlumberger now owns a 15% stake in Shearwater. Other shareholders include RASMUSSENGRUPPEN and GC Rieber Shipping, which respectively own 65% and 20%.GC Rieber Shipping CE...