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Monday, December 19, 2022
CGG announced the sale, to Bon Ton Seismic LLC (Bon Ton), of its US land seismic multi-client library encompassing approximately 20,000 square miles (about 52,000 sq km) of 3D seismic data for a total cash consideration of $63 million.
Commenting on the transaction, Sophie Zurquiyah, CEO of CGG, said: “The sale of our US Land data library is part of a continuous process of business portfolio management that was initiated in 2018. Earth Data will continue to focus on key prolific offshore hydrocarbon basins, CCUS, Minerals; Mining, and Digital. We are pleased to put our extensive land portfolio in the capable hands of Bon Ton.”
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