GC Rieber Shipping: Shearwater GeoServices and CGG have agreed to suspend technology partnership negotiations
Reference is made to the stock exchange notice on 4 June 2019, where it was announced that GC Rieber Shipping ASA's 19% owned geoservices company Shearwater GeoServices Holding AS ("Shearwater") planned to establish a marine streamer technology partnership with CGG S.A. (CGG).
Due to the downturn in the oil and gas industry, triggered by the COVID-19 pandemic, Shearwater and CGG have jointly agreed to suspend negotiations regarding the partnership.
Contact information:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919
About GC Rieber Shipping:
GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects.
Further information about the company, please go to www.gcrieber-shipping.com.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.