ION Geophysical has agreed to acquire 100% ownership of ocean bottom seismic acquisition company OceanGeo, Houston-based ION said in a news release.
In February 2013, ION acquired 30% of OceanGeo. ION increased its ownership to 70% in January 2014.
OceanGeo was recently awarded a substantial survey offshore West Africa for an international oil company.
Terms of the acquisition have not been disclosed.