Support The Moscow Times!

IG Seismic to List on LSE

IG Seismic Services, Russia's largest seismic company and one of the biggest in the world, was expected on Wednesday to apply to list its shares on the London Stock Exchange, the Financial Times reported.

The listing will give foreigners an opportunity to invest in a company supplying the growing demand for seismic surveys from Russian oil and gas companies.

As a result of the listing, the company's free float will amount to 48 percent.

IG Seismic Services has over 50 percent of the country's $1.4 billion seismic services market. The company is a joint venture between U.S.-based Schlumberger, Russian oilfield services provider Integra and the owners of oilfield services company Geotech.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.