A geoscience solutions provider headquartered in Houston, Global Geophysical Services has announced that the letter of intent to obtain complete shares of Sensor Geophysical located in Calgary has been signed. The transaction’s completion is subject to the purchase and sale agreement’s execution and certain other terms and conditions.
The result of combining the capabilities of Sensor Geophysical’s (Sensor Geo) multicomponent processing toolkit with the acquisition capabilities of Global Geophysical Services (Global Geo) will lead to the market’s most comprehensive provider of converted wave imaging technology.
Global Geo is developing an advanced autonomous nodal imaging system and will combine Sensor Geo’s 3C and 4C processing units along with the proprietary software to attain multi-component imaging. Once the acquisition is complete, Global Geo will also gain entry into the seismic markets of Canada.
The Chief Technology Officer of Global Geo, Christopher T Usher stated that by collaborating with Sensor Geo, Global Geo will be able to deploy converted wave imaging technology across the company’s data processing centers. Usher also stated that the company will benefit from Sensor Geo’s established presence and will be able to launch the Global Geo’s microseismic Tomographic Fracture Imaging, Weinman Geosciences HTI processing as well as Unconventional Consulting offerings into the Canadian market.
Steve Weber and Rodney Couzens from Sensor Geo noted that the multicomponent software developed by the company will be available to customers worldwide through Global Geo’s the vast data processing network. Couzens also added that Global Geo’s microseismic imaging toolkits and HTI processing will be made available to customers in Calgary.
Source: http://www.globalgeophysical.com/