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FairfieldNodal Completes Acquisition of WGP

Source: www.gulfoilandgas.com 1/11/2018, Location: Europe

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FairfieldNodal has finalized its agreement to purchase the assets of WGP Group Ltd., a premier provider of marine geophysical services headquartered in the U.K., effective 31 December 2017.

FairfieldNodal, known as an industry leader in marine seismic nodal technology, continues to pursue opportunities to strengthen and expand its technology portfolio. FairfieldNodal seeks to transform itself into a world-class provider of integrated life of field seismic services, data and data analytics over the next three to five years through a combination of strategic partnerships and acquisitions. WGP provides a unique set of adjacencies to complement FairfieldNodal’s existing technology and services, specifically its proprietary ZLoF semi-permanent reservoir monitoring technology.

“We are excited about the expertise, talent, and track record of strong project execution we gain with the WGP acquisition,” says Charles (Chuck) Davison Jr, President and CEO of FairfieldNodal. “WGP’s proven technology and operational capabilities around active reservoirs make them a natural fit into the FairfieldNodal suite of services. We look forward to working with the WGP team, combining forces to provide customers with seamless reservoir services and increasing our collective value proposition.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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