July 2008

Peachey & Co LLP acted for the Norwegian company GGS ASA (listed on the Oslo Bors), and its principal trading English subsidiary GGS-Spectrum Limited, on its demerger into GGS ASA and Spectrum ASA (now listed on the Oslo Axess), effective 1 July 2008. GGS operates in the global tender barge sector and Spectrum operates as a pure play seismic operator growing its multi-client, data processing and marine acquisition divisions. Headquartered in the UK it has offices in most of the major oil producing regions including China, Egypt, Libya, Pakistan and the USA.

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