Seabed Geosolutions scores $50M seismic survey deal in Brazil
- Business & Finance
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured a letter of award to provide a 3D ocean bottom node (OBN) survey offshore Brazil.
Fugro said on Monday that the 410 square kilometer survey in the Santos Basin has a contract value of over $50 million.
The company added that the survey would be performed in 2,000 meters water depth for “a prominent energy company” using Seabed Geosolutions’ proprietary Manta OBN technology and remotely operated vehicles.
The four-component project will begin in the second quarter of 2020 and will take around four months to complete.
Stephan Midenet, CEO of Seabed Geosolutions, said: “We are excited to work with a pioneer in ocean-bottom technologies to deploy our new Manta technology, which has been recently and successfully used offshore Brazil for Petrobras on the Buzios field to deliver exceptional data quality.
“The survey data, which will be used to inform the area’s subsurface, will be acquired over an area of significant discoveries.”
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