What happened to ION Geophysical Corporation?

ION Geophysical Corporation had filed its second modified first amended plan in the Court on August 24, 2022 TGS ASA (OB:TGS) completed the acquisition of Certain Assets of ION Geophysical Corporation (OTCPK:IOGP.Q). Sercel SA completed the acquisition of Software Business of ION Geophysical Corporation.

Who is ION Geophysical?

ION Geophysical was a technology-focused company that provided advanced acquisition equipment, software, planning, and seismic processing services, as well as seismic data libraries to the global oil and gas industry. Here are the key details: Acquisition Services: ION offered equipment and software for seismic data acquisition.

Who owns ION Geophysical equipment?

In March 2010, ION launched a joint venture agreement with BGP (which is a wholly owned subsidiary of China National Petroleum Corporation - CNPC) and launched INOVA Geophysical Equipment Limited, an independent company owned 51% by BGP and 49% by ION Geophysical.