Friday 22 October 2021

PGS has entered a strategic collaboration with Magseis Fairfield to address the growing hybrid towed streamer and OBN seismic market. The strategic collaboration has a global scope with an 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.