Fugro’s Seabed Geosolutions disposes of shallow water cable systems

Fugro’s Seabed Geosolutions disposes of shallow water cable systems

Offshore seismic service provider Seabed Geosolutions, part of Fugro, has entered into a contract to sell its entire shallow water ocean bottom cable recording equipment for around $10m as part of its business transformation efforts.

“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,” said Stephan Midenet, CEO of Seabed Geosolutions.

Seabed Geosolutions said it will continue to leverage its shallow water expertise through innovative technology approaches and cost-effective business models, with a strong focus on the Middle East.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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