CGG bought Fugro’s Geoscience division, and will now be organized around three divisions: equipment, acquisition and geology, and geophysics and reservoirs. The USD-1.3-billion transaction also creates a joint venture, Seabed Geosolutions, which is owned by Fugro (60%) and CGG (40%); a multiclient agreement for CGG to sell Fugro’s existing 3D data; and a global strategic mutual preferred-supplier agreement.
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