PGS loses final $11m appeal against GC Rieber

Norway's PGS has lost its final appeal against GC Rieber Shipping in a long-running row over payment for a seismic vessel resale.

PGS went to the supreme court in a last bid to overturn the ruling worth EUR 9m ($10.9m), but failed.

Rieber won a Gulating court appeal in April against PGS.

Its subsidiary Armada Seismic Invest II was sued in 2012 by Arrow Seismic Invest II, now called PGS Geophysical (UK).