Linklaters is advising CGG on the sale of its North American Land seismic contract acquisition business to Geokinetics Inc. In the transaction, CGG will contribute its North America Land Contract activities (excluding its land multi-client and monitoring businesses) in exchange for a minority equity stake in Geokinetics.

CGG, based in Paris, France, is a fully integrated geoscience company that provides geological, geophysical and reservoir capabilities to its broad bases of customers, primarily from the oil and gas industry. Geokinetics Inc., based in Houston, Texas, is one of the largest independent international land and shallow water seismic companies.

The Linklaters team is led by Corporate/M&A partner Scott Sonnenblick and includes associates Megan Ridley-Kaye and Priscilla Fasoro. The team also includes Executive Compensation and ERISA senior counsel Michael Kam and associate Victoria Rosamond and Tax partner Jasper Howard.