Norway’s seismic firms target hybrid towed streamer and OBN acquisition

PGS has entered into a strategic collaboration with Magseis Fairfield to collaborate in the hybrid towed streamer and ocean bottom node (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.

“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,” said Carel Hooijkaas, CEO at Magseis Fairfield.

According to PGS, the hybrid market is defined as the contemporaneous use of towed streamer and OBN 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,” said Rune Olav Pedersen, PGS CEO.

“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.”

To remind, Magseis Fairfield reached its 100th OBN survey milestone at the end of May, representing the first carbon-neutral seismic survey.

Work was conducted for BP over various assets in the U.S. Gulf of Mexico and used Magseis Fairfield’s ZXPLR node technology.