PGS to acquire Applied Geophysical
Offshore staff
OSLO, Norway –Petroleum Geo-Services ASA has agreed to acquire Applied Geophysical Services Inc. for $51 million.
AGS specializes in depth imaging services primarily in the GoM using proprietary 3D beam migration technology.
"AGS and its technology will strengthen the PGS depth imaging capabilities and will constitute an important addition to our current data processing technology in line with our strategy," says Sverre Strandenes, PGS group president for data processing and technology. "We are now in the position to deliver combined acquisition and processing solutions, including wide-azimuth, and multi-azimuth, with unmatched efficiency and quality."
10/18/2007