ION Increases Ownership In OceanGeo To 100%

(RTTNews) - ION Geophysical Corp. (IO) announced that it has reached an agreement to increase to 100% its ownership of ocean bottom seismic or OBS acquisition company OceanGeo B.V. ION acquired 30% of OceanGeo in February 2013 and increased its ownership to 70% in January 2014.

As announced today in a separate press release issued by OceanGeo, OceanGeo was recently awarded a substantial survey offshore West Africa for an international oil company, having recently completed a 540 square km survey offshore Trinidad for Petroleum Company of Trinidad and Tobago Limited (Petrotrin), on time, on budget and with no QHSE incidents.