Seabed Geosolutions has received a conditional Letter of Award (LOA) from an undisclosed company for an ocean bottom node (OBN) project in the Americas region.
The project is anticipated to start in the fourth quarter of 2021 after the completion of the current crew commitment in Brazil, extending the crew’s operational engagement.
Subject to closing of the recently announced divestment of Seabed Geosolutions to PXGEO, expected in mid-2021, this project will be executed by PXGEO provided the LOA conditions are met.
The survey size has yet to be finalized, Fugro stated.
To remind, Seabed Geosolutions will begin the first of two seismic acquisitions of the Sapinhoá field monitoring project in Brazil on 13 June.
The work includes 3D and 4D geophysical acquisition and processing using OBN at the project located in the pre-salt of the Santos Basin.
Seabed Geosolutions became a wholly-owned Fugro company in December 2019, after CGG sold its shareholding in the venture.
Fugro reached a binding agreement with PXGEO Seismic Services earlier this year to sell certain assets and the related business of Seabed Geosolutions for $16 million in cash.