Milestones

OceanGeo B.V., a geophysical company specializing in multicomponent ocean bottom seismic (OBS) acquisition, has announced that it has been awarded a contract by a major European oil & gas company to acquire a substantial 3D ocean bottom seismic survey offshore Republic of Congo. Acquisition is expected to commence in third quarter 2014.

Colin Hulme, OceanGeo's Chief Executive Officer, commented, "We are extremely pleased to announce this award. OceanGeo has a proven track record of successfully acquiring ocean bottom seismic data, safely and efficiently. Since 2008, our crew has been operating offshore Brazil and Trinidad & Tobago, delivering superior reservoir understanding for our E&P clients. This award is in keeping with our strategy of deploying our crew into the West African region. With the full support of ION, we are well positioned to compete and thrive in the growing ocean bottom seismic market and are truly excited about our future."