Seabed Geosolutions secures two new contracts

LEIDSCHENDAM, Netherlands -- Seabed Geosolutions will soon mobilize for the variation order that was signed Monday by Abu Dhabi National Oil Company (ADNOC) with CGG to conduct a shallow-water seabed survey.

The survey is over Ghasha-Butini field, will take around 12 months and has a value of around $125 million. The recent successful completion of the Hail-Shuweihat survey has promoted this variation order, confirming ADNOC’s confidence in Seabed Geosolutions’ ability to operate safely and efficiently.

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 the fourth quarter of 2015.

Seabed Geosolutions was formed in February 2013 as a joint venture between Fugro and CGG. It collects geophysical data on the seabed through an array of imaging technologies for oil and gas companies, with a focus on the development and production phases of oil and gas fields.