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Sercel, a subsidiary of Compagnie Generale de Geophysique (CGG) acquired all outstanding shares in Vibration Technologies Ltd (Vibtech) in a private transaction. Based in Scotland and founded in 1996, Vibtech developed advanced wireless technologies for seismic recording. Vibtech will remain as a separate legal entity.
TGS-NOPEC Geophysical Co. has formed a Russian subsidiary and opened an office in Moscow. TGS NOPEC Geophysical Co. Moscow Ltd will market existing 2D seismic data and well log information in Russia, and will promote the generation of new geoscientific data sets to aid in future exploration of the country. TGS and its partners have over 100,000 km of legacy 2D seismic, more than 30,000 km of modern seismic, and 16 geologic studies available for license.
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