Services player RPS has acquired UK software and technology consultancy Reservoir Imaging Ltd (RIL) in a £4 million ($4.9 million) deal.
RPS said Wednesday the deal would strengthen its services to the oil and gas sector, with RIL delivering services using its proprietary developed Osprey Software Suite to support the planning and subsequent acquisition of offshore seismic surveys.
According RPS, this includes managing seismic interference to avoid timeshare and reducing the likelihood of aborted lines or costly re-acquisition.
“To meet an increasing demand for cost-effective, efficient, accurate and safe seismic data acquisition surveys by both clients and contractors means there is a corresponding rise in demand for the software and field specialists to run it,” RPS chief executive John Thompson said.
“RIL is known for its expertise using technology and data to enable clients to make sound investment decisions on reserves, further exploration and other factors affecting the commerciality of oil and gas fields. It is a natural fit for our business, and we are delighted to welcome the team to RPS.”
The integration of Edinburgh-based RIL into RPS’ existing business will start immediately and is expected to be completed within six to nine months.
