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CGG acquires Taurus Reservoir Solutions


Published Apr 23, 2015
CGG-6

CGG says that its GeoConsulting Business Line has acquired Taurus Reservoir Solutions Ltd., based in Calgary. Taurus offers reservoir and geomechanical simulation and engineering technology along with consulting services to the global petroleum industry. With an offering that spans single-well to large field-scale solutions, Taurus brings new subsurface understanding to both conventional and unconventional reservoirs.

CGG’s GeoConsulting Business Line offers a broad range of geological and geophysical (G&G) consulting services and non-exclusive products to the E&P industry. The addition of Taurus will strengthen CGG’s G&G expertise and help clients make more informed decisions across the E&P lifecycle, from where to drill and how to best complete wells, to optimizing production over the life of the field.

Sophie Zurquiyah, Senior Executive Vice President, Geology, Geophysics & Reservoir, CGG, said: “We are delighted to extend the scope of our Geoscience portfolio further towards the reservoir with the geomechanical and engineering capabilities of Taurus. The leadership Taurus has developed globally in its domain fully aligns with CGG’s culture and the addition of its technology and expertise will enable us to further assist our customers in meeting their increasingly complex reservoir development and production challenges through tighter integration of the geoscience and engineering disciplines.”

Tags: CGG, Taurus Reservoir Solutions Ltd.




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