The new acquisition of equipment from Sercel is an extension of the Mitcham/Sercel business relationship. This particular relationship historically included conventional land, marine and transition zone acquisition technologies and downhole tools, such as MaxiWave, GeoWaves and SlimWave. 

 

Now the relationship extends to the Unite acquisition system.

 

Bill Mitcham, Mitcham's president and CEO, stated, 'The Unite cable-free technology is an important addition to our inventory of equipment that will enable us to offer our customers a more complete solution to their land and transition zone acquisition programs. Our long-standing relationship with Sercel enables us to continue providing our customers with the latest technology they demand.'

 

Pascal Rouiller, CEO of Sercel, said, 'We are very pleased to extend the successful business relationship Sercel has developed with Mitcham Industries over the last 12 years. With our Unite acquisition system, which is the leading wireless technology for 3D acquisition, we are opening a new chapter in our mutually beneficial relationship.'

 

Mitcham Industries, Inc. is a major geophysical equipment supplier that offers for lease or sale, new and 'experienced' seismic equipment to the oil and gas industry, seismic contractors, environmental agencies, government agencies and universities.

 

The company is based in Texas, with branch offices in various parts of the world through which it easily conducts operations on a global scale. It has become the largest independent exploration equipment lessor in the industry.

 

In related news, Mitcham Canada, Ltd. unit has entered into a definitive agreement with the shareholders of Absolute Equipment Solutions, Inc. to acquire all of the capital stock of AES for a total purchase price of $4 million.