Shearwater GeoServices and CGG Agree to Suspend Technology Partnership Negotiations

Thursday, November 5, 2020

Shearwater Release

Reference is made to the stock exchange notice on 4 June 2019, where it was announced that GC Rieber Shipping’s 19% owned geoservices company Shearwater GeoServices planned to establish a marine streamer technology partnership with CGG. Due to the downturn in the oil and gas industry, triggered by the COVID-19 pandemic, Shearwater and CGG have jointly agreed to suspend negotiations regarding the partnership.

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