Industrialization and Energy Services Company (TAQA) and CGG – the shareholders of Arabian Geophysical & Surveying Company (ARGAS) – announced today that they executed a new agreement which waives all territorial, technical, commercial exclusivities and any other restrictions on the signatories, allowing ARGAS (the largest Seismic acquisition company in the Middle East and North Africa) to expand its operations globally offering integrated marine and land seismic solutions to Oil & Gas Companies all over the world and accessing multi-billion dollar markets.
According to this agreement, all other exclusivities, and restrictions on CGG or any of its current or previous affiliates will be waived as w