Norwegian seismic and subsea players team up for growing OBN market

Norway’s Shearwater GeoServices and robotics technology company Argeo have entered an agreement that will see Argeo acquire one of Shearwater’s towed streamer seismic vessels and convert it to a subsea inspection, maintenance and repair vessel.

Argeo will acquire the SW Bell, an Ulstein X-Bow design vessel formerly known as the Polarcus Nadia, for $6 million in cash and 20,123,625 shares in Argeo, the companies said.