Shearwater GeoServices has announced two transactions to take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS, a company affiliated with Woodstreet Inc.
Shearwater said it had acquired streamers and related seismic equipment for a total cash consideration of USD 50 million. The company also purchased six seismic acquisition vessels for a total consideration of US$127.5 million.
The transactions are financed through a new vessel loan facility...