FairfieldNodal says it is in advanced discussions with Thalassa Holdings to acquire WGP Group Ltd., a premier provider of marine geophysical services headquartered in the UK.
FairfieldNodal says it is on a path to seek opportunities to strengthen and expand its technology portfolio, and transform itself into a world-class provider of integrated life of field seismic services, data and data analytics over the next three to five years through a combination of strategic partnerships and acquisitions.
WGP provides a unique set of adjacencies to complement FairfieldNodal’s existing technology and services, specifically its proprietary ZLoF semi-permanent reservoir monitoring technology, says the company.
“We are excited about the expertise and talent we gain with the WGP acquisition,” says Charles (Chuck) Davison, president and CEO of FairfieldNodal. “WGP’s proven operational capabilities around active reservoirs make them a natural fit into the FairfieldNodal suite of services. We look forward to working with WGP to combine forces to provide customers with seamless reservoir services."