P-Cable AS Acquired by NCS Subsea
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July 2016 – P-Cable AS Acquired by NCS Subsea
About the deal
In 2016, NCS Subsea, a company in the OYO Group of Companies, completed the purchase of P-Cable 3D Seismic AS. Details on the transaction was not disclosed.
Deal team
Erik Furnes | Managing Director | Oslo | Investment Banking | efurnes@bryangarnier.com
About P-Cable
P-Cable 3D Seismic AS has developed, patented and commercialized the P-Cable 3D seismic high resolution survey technology. The technology provides high resolution 3D seismic data allowing for a new level of de-risking in shallow petroleum exploration, and is proven to be one of the best tools for site surveys and geohazard evaluation available.
About NCS Subsea
NCS Subsea is a premier provider of survey, navigation, positioning, and ultrahigh resolution seismic services to the offshore E&P industry. Based in Stafford, Texas, NCS Subsea was incorporated in November 2004, and executed its first commercial project in January 2005. In 2013, NCS Subsea was acquired by OYO Corporation, an industry leading geoscience and geoengineering firm committed to creating a safe, sustainable, and secure future for mankind through the application of geologic science and technology.