CGGVeritas, Elnusa in seismic venture deal
Friday, February 25 2011 - 07:18 PM WIB
Paris-based geophysical company CGGVeritas announced Friday that it has signed a term sheet with IDX-listed services company PT Elnusa Tbk to create a 2D/3D marine joint venture to carry out 2D and 3D marine seismic surveys, in Asia Pacific Region, with main focus in Indonesia.
The joint venture will provide marine seismic data acquisition services for oil and gas clients operating locally in Indonesia and the region. CGGVeritas will contribute one 4-streamer, purpose built in Singapore, state-of-the-art vessel, to the joint venture, it said. (alex)