CGG Sells its Stake in ARGAS to TAQA
21 11월 2023 - 3:30PM
CGG Sells its Stake in ARGAS to TAQA
Paris, France – November 21, 2023
CGG announced today that it has entered into a
definitive agreement with Industrialization and Energy Services
Company ("TAQA") to sell its entire 49% stake in Arabian
Geophysical and Surveying Company (ARGAS). The transaction is
expected to close this year, subject to satisfying relevant
conditions.
Sophie Zurquiyah, CEO CGG, said “The sale of our
stake in ARGAS marks a final step in the strategic plan that we
launched back in 2018 to become an asset-light company, by exiting
the data acquisition services business and strengthening the focus
on our differentiated high-end technology businesses. We look
forward to continuing to provide the Kingdom of Saudi Arabia and
TAQA with our high-end subsurface imaging and seismic acquisition
systems to support their business objectives and playing our part
in the successful development of energy and low-carbon resources in
the Middle East region.”
About CGG
CGG (www.cgg.com) is a global technology and HPC
leader that provides data, products, services and solutions in
Earth science, data science, sensing and monitoring. Our unique
portfolio supports our clients in efficiently and responsibly
solving complex digital, energy transition, natural resource,
environmental, and infrastructure challenges for a more sustainable
future. CGG employs around 3,400 people worldwide.
Contacts
Group Communications & Investor Relations
Christophe BarniniTel: + 33 1 64 47 38 11E-Mail:
christophe.barnini@cgg.com |
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- CGG Sells its Stake in ARGAS to TAQA
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