SAExploration Completes Strategic Acquisition of inApril AS
SAExploration Holdings, Inc. is pleased to announce the successful acquisition of the Norwegian seismic technology company inApril AS. This acquisition marks a significant milestone in the realm of global seismic services, allowing SAExploration to further enhance its offerings to clients worldwide.
SAExploration's CEO, Forrest Burkholder, emphasized the importance of this acquisition by stating, "inApril’s innovative products and leading technology perfectly align with our mission. We are committed to upholding the highest levels of quality and customer focus, alongside values that prioritize safety, efficiency, and sustainability." This merger not only echoes SAExploration's dedication to innovation but also enriches its capabilities in serving a growing base of global seismic customers.
Advancing Innovation and Growth
Ken Tubman, Chairman of SAExploration, added, "By bringing inApril into our fold, we foster a new era of growth and opportunity. This merger is set to stimulate innovative solutions and encourage shared success among our clients, employees, and stakeholders. We are excited about the potential for broader applications in various global markets." The acquisition ensures that SAExploration maintains its competitive edge while continuously pursuing growth through innovation.
Operational Integration of inApril
inApril will function as a distinct business unit within SAExploration, ensuring that it maintains its reputation for delivering high-quality seismic solutions. Their range of cutting-edge products and technologies will remain fully available to seismic operators across the globe, promoting seamless operational transitions.
With inApril's former Chairman, Paal E. Johnsen, now contributing to the SAExploration Board of Directors, the integration of these two entities is expected to yield transformative benefits within the seismic industry.
About SAExploration
SAExploration is a prominent international oilfield services company. It provides a comprehensive suite of vertically-integrated seismic data acquisition and support services that extend across the globe. The company specializes in various seismic data acquisition methods including 2D, 3D, time-lapse 4D, and multi-component seismic data collection in challenging environments.
The company also delivers logistical support services, encompassing program design, planning, environmental assessments, and community relations, ensuring a holistic approach to seismic operations. With its headquarters in Houston, Texas, SAExploration operates an array of projects aimed at catering to a distinguished clientele, which includes major international and national oil companies, as well as independent exploration firms.
About inApril
inApril is recognized as a leading supplier of innovative seabed seismic equipment, specializing in the development of ocean bottom nodes (OBN) and state-of-the-art back deck handling systems. These solutions facilitate safe and efficient seabed seismic surveys while providing economical options crucial for the exploration and development of hydrocarbon reserves.
The company has important offices in key Norwegian cities, including Bergen, Trondheim, and Oslo, reinforcing its strategic position in the seismic technology market. The acquisition by SAExploration aims to enhance the operational capacity and technological frameworks of both companies, ultimately promoting advancements in the seismic field.
Frequently Asked Questions
What is the significance of SAExploration's acquisition of inApril?
This acquisition enhances SAExploration's offerings and underscores its commitment to innovation and customer service in global seismic technology.
How will inApril operate after the acquisition?
inApril will continue to function as a separate business unit within SAExploration, providing its technologies and services to seismic operators worldwide.
Who has joined the SAExploration Board after the acquisition?
Paal E. Johnsen, the former Chairman of inApril, has joined the SAExploration Board of Directors.
What services does SAExploration provide?
SAExploration offers a wide range of seismic data acquisition and support services, including logistical support, environmental assessments, and community relations.
Where is SAExploration's headquarters located?
The global headquarters of SAExploration is situated in Houston, Texas, facilitating its operations across various international markets.
