Seabed Geosolutions sells Ocean Bottom Cable equipment

Seabed Geosolutions has sold its shallow-water ocean bottom cable (OBC) recording equipment for around US$ 10 million.

According to the company, a joint venture between CGG and Fugro, the equipment was used on a recently completed project for Abu Dhabi National Oil Company in the United Arab Emirates.

Stephan Midenet, CEO of Seabed Geosolutions: “The sale of our last cable-based system completes the transformation of Seabed Geosolutions into a pure ocean bottom node (OBN) company. We are now largely focused around our Manta suite of technologies, comprised of both a proprietary node and deployment systems and which has been designed to deliver leading efficiencies in all water depths.”

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