FairfieldNodal has finalized the purchase of the assets of WGP Group, a provider of marine geophysical services headquartered in UK.
The company entered into advanced discussions with Thalassa Holdings to acquire WGP in August 2017.
According to its latest update the acquisition is effective December 31, 2017.
WGP provides a set of adjacencies to complement FairfieldNodal’s existing technology and services, specifically its proprietary ZLoF semi-permanent reservoir monitoring technology.
“ We are excited about the expertise, talent, and track record of strong project execution we gain with the WGP acquisition, ” said Charles (Chuck) Davison Jr , president and CEO of FairfieldNodal.
“WGP’s proven technology and operational capabilities around active reservoirs make them a natural fit into the FairfieldNodal suite of services. We look forward to working with the WGP team, combining forces to provide customers with seamless reservoir services and increasing our collective value proposition.”