Geoex MCG
Houston, Texas, United States
Geoex MCG
!
We procure high-quality data for the energy industry.
About Geoex MCG
We are a multi-disciplinary team of experts in geoscience, interpretation, operations and marketing with an intimate knowledge of the energy industry.
What we do
The core of our activities lies in identifying attractive areas for the exploration of natural energy resources and the design of geoscientific surveys. We procure data and services suitable for oil & gas exploration, CCUS, natural hydrogen, and more. Contact us for opportunities.
We serve these energy value chains by developing 2D, 3D and hybrid surveys, including data reprocessing, data conditioning and project management. Moreover, we market and sell geophysical data on behalf of energy companies, geophysical contractors and governmental authorities.
Our portfolio of products spans Europe, Africa, the Caribbean, and the Asia Pacific.
Description of Services
Geoex MCG is a global subsurface data provider, providing high-quality geophysical products and services to the energy industry.
Asset light business model and core values
Adaptability:
Our asset-light business model means we do not own or maintain seismic vessels and other physical equipment. We handpick our contractors based on each project’s ideal parameters. This allows us to undertake only those projects which meet or exceed our technical and commercial criteria. We leverage this approach to thrive in an ever-evolving energy industry and are capable of readily pivoting towards new opportunities.
We work closely with our clients in varied energy landscapes and project scenarios, and design for outcomes that match their requirements and budgets. We are maintaining this agile business model for flexible advancement towards new energies in decades to come.
Innovation:
The world needs safe, reliable, and sustainable energy sources now more than ever before. And the journey to carbon neutrality calls for a continuous and rapid technological innovation in all sectors. Experts in our R&D, geoscience and commercial teams are turning these challenges into smart solutions. Our priority is to develop value-driven products and services to support our customers in their decision-making process. To achieve this, we invest in real-world technological and commercial advancement of operations and business at large.
Our track record includes the introduction of novel exploration methods via our partners, such as the world’s first hybrid UHD streamer and node survey (acquired simultaneously). With pioneers of the multi-client and asset-light business models on the Board of Directors, we have the expertise to utilise innovation as the driving force in all we do.
Sustainability:
The energy transition will require a complex set of global actions and a diverse energy mix to ensure energy security and sustainability. Our asset-light and multi-client business models are designed to keeping the operations lean and efficient. This approach utilises economies of scale, minimising the overall environmental impact, exploration risks and costs for individual stakeholders who license our data.
We leverage existing and acquired skillsets to expand to new frontiers and provide readily applicable intelligence, high-quality products, and sought-after services. We believe that geoscientific knowledge is the solution to a successful energy transition.
We are committed to supporting all facets of the energy market needs, from hydrocarbons in the short-term, to renewable resources in decades to come.
What we do
2020 Geoex and MultiClient Geophysical become Geoex MCG
Geoex and MCG underwent a cross-border merger, unifying both companies under a single legal and brand entity. The primary driver for this merger was to create streamlined and efficient internal operations, whilst positively reflecting these improvements back to our clients.
2017 Geoex Ltd acquires MultiClient Geophysical AS
On May 15, 2017, Geoex joined forces with MCG. The Geoex Group emerged as a result of Geoex’s corporate acquisition and purchase of all MCG’s shares, delisting MCG from the Oslo Stock Exchange. The companies’ complementary data coverage and services became part of a single joint portfolio, providing clients with an enhanced data library and range of products.
2007 MultiClient Geophysical AS founded
MultiClient Geophysical AS (MCG) was established in Oslo, Norway in November 2007 as a private company and became operational on April 1, 2008. MCG began operating as a public company on the Oslo Stock Exchange May 2, 2013. The company has concentrated on offshore multiclient projects in Europe, the Americas, and Asia Pacific.
2003 Geoex Ltd founded
Geoex Ltd was established as an Africa-focused O&G training consultancy to government bodies, later reinventing its services to contractual seismic data acquisition in 2009. From 2009 to 2012, the company experienced a rapid international growth thanks to its unique asset-light business model. The innovative business strategy generated successful exclusive and multi-client projects in Africa, placing the company on the E&P map as an effective data provider.
