logo
Share SHARE
FONT-SIZE Plus   Neg

Global Geophysical Services Announces Framework Agreement With Halliburton

Global Geophysical Services Inc. (GGS) announced that it has signed a framework agreement licensing to Halliburton (HAL) a substantial portion of GGS's expansive North America seismic data library for use in Halliburton's drilling and completions services activities.

As per the agreement, GGS will be given preference by Halliburton for seismic data acquisition globally in certain applications.

The company noted that the agreement will provide Halliburton with immediate rights to access more than 2 million acres of GGS reservoir grade 3D seismic data, and the option to acquire rights to an additional 2 million acres of reservoir grade 3D seismic GGS data, to enable unrivalled understanding of shale characteristics for both companies' customers.

GGS stated that it will expand its usage of Halliburton's Landmark software for GGS's data processing, analysis, interpretation and earth modeling business. This industry-leading exploration and production software, which includes SeisSpace, DecisionSpace Desktop and OpenWorks software, will provide a next-generation platform for GGS's proprietary consulting applications.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Uber has been reportedly tracking user's phones, even after deleting the app. However, the company now assured that it would not continue with such tracking anymore. Qatar Airways will launch long-haul flights to twelve new destinations in 2018, including direct flights to Wales in the UK and San Francisco in the U.S. Qatar Airways plans to start direct flights to San Francisco in early 2018 as part of its growth strategy. The move comes even as the carrier's Dubai-based rival Emirates Airlines said last week that it will cut flights to five cities in the U.S. Ahead of the April 28 launch of Mario Kart 8 for the Nintendo Switch game console, Target Corp. is transforming 650 plus stores across the country into Mario Kart courses. The transformation will begin at the front of the stores itself, with a checkered starting line at the entrance of the stores.
comments powered by Disqus
Follow RTT