Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Thu., Apr. 18, 12:21 PM
Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.
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Slide #87. ION Geophysical Corporation — UruguaySPAN
Acquirer:
ION Geophysical Corporation (IO)
Acquiree:
UruguaySPAN
Details:
ION Geophysical Corporation (NYSE: IO) today announced that it has successfully acquired 2,800 km of high-quality, depth-imaged seismic data within the Punta del Este Basin offshore Uruguay. Known as UruguaySPAN, this latest addition to ION's global BasinSPAN seismic data library will provide E&P companies with the first deep, geologically-driven image of the province, enabling them to more effectively assess Uruguay's offshore hydrocarbon potential, identify new opportunities, and mitigate exploration risk.
ION Geophysical is a technology company that delivers data-driven decision-making offerings to the offshore energy and ports and harbors market. Co. provides its services and products through two business segments: Exploration and Production (E&P) Technology and Services and Operations Optimization. Co.'s E&P Technology and Services segment creates digital data assets and delivers services to help E&P companies improve decision-making. Co.'s Operations Optimization segment develops subscription offerings and provides engineering services that enable operational control and optimization offshore.
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