Fugro Acquires 4th Wave Imaging for U.S. $1.5 Million
Fugro Seismic Imaging has acquired the California based 4th Wave Imaging, an advanced seismic imaging technology company, specializing in time-lapse (4D) reservoir monitoring, rock and fluid property estimation and multi-component seismic analysis. Its annual turnover is approximately US$1.5 million.
The acquisition of 4th Wave Imaging, a recognized industry leader in 4D seismic, illustrates Fugro's commitment to providing state-of-the-art technical solutions to its customers. The advanced technology and global expertise 4th wave Imaging brings are designed to complement and expand Fugro's already extensive range of offerings in the field of time-lapse reservoir services.
"4th Wave Imaging's reservoir-focused technology will be integrated with FSI's processing and imaging software. FSI will then build upon 4th Wave's proven workflows to offer clients enhanced and optimized reservoir monitoring services", stated Andy Cowlard, Fugro Seismic Imaging Managing Director. "It is also anticipated that selected 4th Wave Imaging technology will be integrated into software products from Fugro-Jason.