FairfieldNodal acquires Geokinetics’ US multi-client data library

FairfieldNodal has acquired Geokinetics’ US multi-client data library to expand seismic coverage in key US locations, including the Permian, Appalachian and Powder River basins.

With this deal, FairfieldNorth has increased its library coverage from 3,532 square miles in the Permian Basin to 10,460 square miles in the Appalachian and Powder River basins.

The transaction is in line with FairfieldNodal’s growth plans, which aim to increase mergers and acquisitions (M&A) and partnerships.

The company is currently working to expand its data-processing services, reservoir analytics and integrated solutions to strengthen its position as a provider of life-of-field seismic services.

FairfieldNodal president and CEO Charles Davison said: “The acquisition of the Geokinetics’ US multi-client data library will accelerate our strategic growth.

“It is highly complementary to FairfieldNodal’s extensive US land library, and will enhance our value proposition and provide the ability to capitalise on the strong synergies with our current data licensing business segment.

“Geokinetics has built a high-quality, strategically positioned data library in major US basins with robust activity and solid fundamentals. We will drive additional organic growth to provide our customers with the highest-quality data and flawless execution.”

Based in Houston, US, Geokinetics provides data acquisition and processing services.