The Service of the Commission for the Protection of Competition received on behalf of CGG Holding BV and OOO SCF GEO, a notification of a proposed concentration according to section 10(4)(α) of the Control of Concentrations between Enterprises Law (Number 83(I)/2014), concerning an agreement for the creation of a joint venture by CGG Holding BV and OOO SCF GEO.
CGG Holding BV is a company duly registered under the laws of Netherlands and belongs to a Group of Companies, which is controlled by CGG S.A. CGG S.A. is a company duly registered under the laws of France and is listed in Paris and New York Stock Exchange. This Group of Companies is active in providing seismic services, which are structured and resolved in the following pillars: (a) equipment (manufacturing and supplying equipment for recovery seismic data), (b) recovery (surveys for recovery seismic data) and (c) geology, geophysics and database (processing, imaging and interpretation of geophysical data). The Group of Companies is also active in providing broad multi-client database, and makes it available for use to third parties under license.
OOO SCF GEO is a company duly registered under the laws of Russian Federation and belongs to a Group of Companies which is controlled by OAO Sovcomflot. OAO Sovcomflot belongs 100% to the Russian Federation. This Group of Companies is active in providing services for safe and reliable seaborne transportation of energy to its customers, such as: operation of crude oil tankers, product tankers, chemical carriers, liquefied natural gas and petroleum gas carriers and ice-class ships. The Group of Companies also provides logistical support for offshore development, renders port-related services including management of oil terminals and tugs operations and technical management of vessels. It is also active to a limited extent in chartering seismographic research ships to clients and providing seismic services with the unique vessel with which it operates.