I think this deal is going to be huge. I think BGP is trying to get into cahoots with the Western oil companies with this deal. We all know that the US leads in technology and experience of getting oil and gas out of the ground. Many foriegners try to duplicate it but many are not cut out for it so they fall back on US firms.
I think this deal will help them through the backdoor with the US majors. If they can prove themselves overseas, and then team up with an existing known US company, it is just another feather in their cap for credibility.
I think most geopysical companies have been using IO for a long time. I know my geopysical customers have. They have lost market share as companies have found competive products that aren't so propietary. IO played a smart game for a long time but competition caught up to them. Now the deal with the Chinese may help put them back on top. They already have good name out there.