SEG 2013: PGS, Toisa add Seafloor Geophysical node services for Brazil

In a release made during the SEG 2013 Annual Meeting, Petroleum Geo-Services and Toisa Seismic have agreed to invest in Seafloor Geophysical Solutions.

Offshore staff

HOUSTON – In a release made during the SEG 2013 Annual Meeting, Petroleum Geo-Services and Toisa Seismic have agreed to invest in Seafloor Geophysical Solutions.

The agreement gives PGS exclusive rights to market SGS subsea node services in the Brazilian market.

PGS and Toisa said SGS and its ocean bottom seismic services, when coupled with Toisa Ltd.’s marine capabilities will supplement PGS’ GeoStreamer and OptoSeis technologies.

According to the agreement, PGS will control 33.4% and Toisa will have 55.4% of the operation.

9/24/13

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