OFG, with partner PGS, acquires NCS SubSea

June 2, 2022
Ocean Floor Geophysics Inc. (OFG) has completed its acquisition of NCS SubSea, securing access to P-Cable technology.

Offshore staff

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

With the addition of P-Cable technology, OFG now provides a broad range of marine geophysical data technology and services for the offshore market, including a range of sensor solutions from surface, AUV and ROV platforms, combined with multiphysics processing, integration and interpretation capabilities.

OFG was assisted in this transaction by PGS, OFG’s largest shareholder and strengthens the strategic alignment collaboration between OFG and PGS. The PGS New Energy group, which services markets including carbon capture and storage, renewables (wind farms) and seabed minerals, works closely with OFG as a preferred supplier of ultrahigh-resolution seismic, CSEM, magnetic and acoustic surveying products and services.

“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," said OFG CEO Matthew Kowalczyk.