The joint venture will provide marine seismic data acquisition and processing services for the oil and gas clients operating locally in Russia and CIS.
CGGVeritas will make available one 2D ice class vessel and one 3D ice class vessel, to the joint venture.
CGGVeritas CEO Jean-Georges Malcor said that at a time when Russian and CIS Arctic exploration and production is becoming more and more important, the company is pleased to sign this joint venture agreement with Geotech.
"Entry to this very important Russian and CIS offshore market is a significant step forward for CGGVeritas," Malcor said.
