Norway’s TGS and Paris-based CGG have emerged as front runners to acquire highly valued commercial assets from US seismic player ION Geophysical, which is in Chapter 11 bankruptcy proceedings.
ION filed for bankruptcy in April.
TGS set to buy huge multi-client library of US contractor undergoing Chapter 11 proceedings, while CGG is top bidder for software business
Norway’s TGS and Paris-based CGG have emerged as front runners to acquire highly valued commercial assets from US seismic player ION Geophysical, which is in Chapter 11 bankruptcy proceedings.
ION filed for bankruptcy in April.