Schlumberger Acquires GEDCO

Schlumberger has acquired GEDCO, a Calgary-based (Canada) provider of integrated geophysical survey design software and services. The group will become part of the WesternGeco business unit. GEDCO has developed OMNI 3D for seismic survey design and modelling, and VISTA, a 2D/3D seismic data processing package. The group also offers consulting services for 2D and 3D seismic and vertical seismic profile (VSP) solutions from design through interpretation.

Maurice Nessim, vice president of WesternGeco GeoSolutions expects that the acquisition of GEDCO will enable Schlumberger to provide better support by complementing and extending the company’s geophysical survey design and modelling capabilities.

Andreas Cordsen, president and CEO of GEDCO said that with the support of WesternGeco’s research and development programme, integration into their portfolio of software and services, and increased access to international markets, the GEDCO team is continuing to deliver leading geophysical software solutions.

As the industry explores for oil and gas in increasingly complex geological environments with higher risks and ever-increasing time pressure, survey design and modelling becomes even more critical to success.