TGS-NOPEC Geophysical Co. has acquired Houston-based seismic processing boutique Parallel Data Systems (PDS). PDS was founded in 1997 and now has 21 employees and offices in Houston and Dallas. The transaction is subject to US regulatory approval.
TGS COE Hank Hamilton said, ‘In working with PDS on a number of recent projects, we have been impressed with their ability to solve highly complex imaging problems on massive datasets while meeting very challenging project schedules. The combination of PDS with our existing TGS Imaging group will increase our capacity and our array of imaging algorithms. The deal also brings a critical mass for R&D into next generation seismic imaging technologies including wide azimuth 3D.’
TGS has also announced a new release of its flagship PRIMA seismic processing suite. New features include PRIMAViz, a 3D Viewer, depth domain gathers for AVO analysis and enhanced 2D project functions. PRIMA is used by over forty companies in their data analysis and prospect evaluation workflows. More from John Adamick, email@example.com.
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