Announced
Financials
Sources
Tags
Pending
Acquisition
Norway
Integrated Oil and Gas
Friendly
Domestic
Majority
oil and gas
Private
Single Bidder
Synopsis
TGS, an energy data and analytics company, agreed to acquire Magseis Fairchild, a provider of ocean bottom seismic systems and services. Financial terms were not disclosed. “With a strengthening focus on costs and cycle times in the exploration and production of oil and gas, an increasing amount of demand of geophysical data is driven by infrastructure-led exploration and production monitoring. Combining Magseis’s leading position in the Ocean Bottom Node market with TGS’ multi-client and data processing capabilities creates a unique offering of superior quality products and services across the value chain,” Kristian Johansen, TGS CEO.
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