PGS has entered a strategic collaboration with Magseis Fairfield to address the growing hybrid towed streamer and OBN seismic market.
The marine geophysics company said the strategic collaboration has a global scope with initial focus on the North Sea, and a duration of one year with options to extend by two plus two years.
The hybrid market is defined as the contemporaneous use of towed streamer and ocean bottom node acquisition technologies.
“We believe the strategic collaboration with Magseis Fairfield, the industry leading node company, will create a unique opportunity to take advantage of the untapped potential in the growing hybrid seismic acquisition market. We have experience from joint streamer and node projects. However, combining resources with Magseis Fairfield positions us much better to provide our clients with the best possible solutions,” says Rune Olav Pedersen, CEO in PGS.
“We are pleased to enter into a strategic collaboration with PGS. The combination of their high-end streamer and source technology and our proprietary innovative node technology will position us well to capture growth opportunities adding to our current node acquisition business. We see increased customer interest in hybrid surveys,” says Carel Hooijkaas, CEO in Magseis Fairfield.
PGS ASA and its subsidiaries (“PGS” or “the Company”) is an integrated marine geophysics company, which operates world-wide. The Company supports the energy industry, including oil and gas, offshore renewables, carbon capture and storage. PGS’ headquarter is in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information about PGS visit www.pgs.com.