TGS-Nopec Geophysical Co. LP has agreed with Parallel Data Systems Inc. to acquire all PDS shares of the company, subject to US regulatory approval.
Offshore staff
HOUSTON --TGS-Nopec Geophysical Co. LP has agreed with Parallel Data Systems Inc. to acquire all PDS shares of the company, subject to US regulatory approval.
"We are determined to develop a world-class seismic imaging organization to satisfy the growing demands of our customer base and to build our data library with leading edge technologies," says Hank Hamilton, TGS CEO.
"In working with PDS on a number of recent projects, we have been extraordinarily impressed with their ability to solve highly complex imaging problems on massive datasets while meeting very challenging project schedules."
"The combination of PDS with our existing TGS Imaging group will dramatically increase our throughput capacity and our array of imaging algorithms, as well as provide the critical mass in research and development necessary to commercialize the next generation of seismic imaging technologies including wide azimuth 3D."
