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