Ocean Floor Geophysics Buys NCS Subsea and Its P-Cable System

Friday, June 3, 2022
File image: OFG

Ocean Floor Geophysics, Inc (OFG) has completed its acquisition of NCS SubSea, which provides ultra-high-resolution 3D seismic data to the oil and gas and new energy markets via its P-Cable system.

According to info on NCS SubSea's website, P-Cable is a compact, flexible offshore seismic data acquisition system combined with patented navigation and positioning support technology that provides "extremely detailed ultrahigh-resolution images of the seafloor and subsurface geology."

"With the addition of P-Cable technology, OFG now provides the broadest range of marine geophysical data technology and services available in the offshore market today, offering the widest range of sensor solutions from surface, AUV and ROV platforms, combined with unique multiphysics processing, integration, and interpretation capabilities," OFG said.

OFG was assisted in this transaction by PGS, OFG’s largest shareholder. 

“OFG is delighted to complete the acquisition of NCS and its P-Cable ultra-high-resolution 3D seismic technology. We have seen a significant market interest in P-Cable over the past few months in both traditional oil and gas markets for shallow imaging of reservoirs and geohazards, as well as in new energy markets, particularly for offshore wind surveys. We look forward to offering P-Cable products and services to existing and new customers.” says Matthew Kowalczyk, CEO of OFG. 

“This transaction further strengthens the PGS-OFG partnership and expands our combined offering within conventional and New Energy markets. We are building OFG to be a preferred provider of marine site characterization and asset integrity services.” says Artem Lytkin, Vice President at PGS New Energy and an Executive Chairman of OFG. 

Categories: Technology Offshore Energy Geoscience Seismic

Related Stories

Industry Partners Deliver Largest Unified OBN Dataset in Norwegian North Sea

Industry Partners Deliver Largest Unified OBN Dataset in Norwegian North Sea

Fugro Gets On Board Ireland’s Offshore Grid Development Project

Fugro Gets On Board Ireland’s Offshore Grid Development Project

PXGEO Appoints Head of Strategy and Transformation

PXGEO Appoints Head of Strategy and Transformation

Current News

SLB Narrowly Beats Quarterly Profit Estimates

Vard Books Construction Order for CSOV Pair

ABL to Deliver Grid Works for 600MW French Offshore Wind Farm

Cadeler Adds Wind Keeper WTIV to Fleet, Locking in Long-Term Vestas Deal

Subscribe for OE Digital E‑News

Offshore Engineer Magazine