Norway's TGS is cutting 130 jobs as part of an efficiency drive to combat weak markets.
The seismic survey player said it wants to further improve competitiveness by shedding 16% of its workforce globally.
This will reduce operating expenses by $13m per year from the beginning of 2016.
It will book a restructuring charge of $8m in the fourth quarter.
"This was a very difficult decision and we are committed to assure that the employees leaving the company through this necessary action will be treated with dignity and respect in accordance with TGS' values," the company said.
TGS
