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Ocean Floor Geophysics and PGS acquire NCS

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Oilfield Technology,


Ocean Floor Geophysics, Inc (OFG), in partnership with PGS, has signed an agreement to acquire NCS SubSea, which provides ultra-high-resolution 3D seismic data to the oil and gas and new energy markets via their P-Cable system.

OFG was assisted in the transaction by PGS, OFG’s largest shareholder and strengthens the strategic alignment collaboration between OFG and PGS. The PGS New Energy group, which services markets including carbon capture and storage (CCS), renewables (wind farms) and seabed minerals, works closely with OFG as a preferred supplier of ultra-high-resolution seismic, CSEM, magnetic and acoustic surveying products and services.

“OFG is delighted to add P-Cable to our already extensive range of geophysical products and services. Interest in ultra-high-density 3D seismic is growing apace, driven by rapid growth in the market for offshore wind. We look forward to bringing OFG’s considerable expertise in operation and engineering to the P-Cable system, to further improve robustness and reliability, and extend the operating envelope,” said Matthew Kowalczyk, CEO of OFG.

“PGS remains a dedicated and reliable pioneer serving the energy industry with our integrated geophysical data acquisition and processing capabilities. Our strategic collaboration with OFG and their acquisition of NCS SubSea further expands our offering within the New Energy markets. By bringing the ultra-high-resolution P-Cable 3D seismic technology into OFG, we can apply PGS’ inhouse data processing capabilities, expanding our offering for site characterization and shallow geohazard applications,” said Berit Osnes, EVP New Energy of PGS.


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Read the article online at: https://www.oilfieldtechnology.com/exploration/09032022/ocean-floor-geophysics-and-pgs-acquire-ncs/

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