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Provider: Reuters Investment Profile

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Spectrum ASA Acquires Carmot Seismic and Carmot Processing

Wednesday, 13 Feb 2013 01:00am EST 

Spectrum ASA announced that it has signed a Share Purchase Agreements to acquire the Norwegian companies Carmot Seismic AS and Carmot Processing AS. Spectrum will following this acquisition offer 3D cubes covering approximately 60,000 square kilometers in the North Sea, approximately 50,000 square kilometers in Mid-Norway and approximately 17,000 square kilometers in the Barents Sea. Velocity cubes covering these three areas are also available. The Share Purchase Agreement is subject to due diligence and the acquisition is expected to close in early March 2013. Total valuation of the Carmot companies is approximately USD 3.7 million. 

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0.9 +2.00%
16 Apr 2014