Telecom network vendor Alcatel-Lucent is set to acquire Optoplan, a provider of 4D permanent reservoir monitoring technology for offshore oil and gas production.
To this effect, Alcatel-Lucent subsidiary Alcatel-Lucent Submarine Networks (ASN) has signed a binding agreement with Sercel, part of the CGG Group.
The strategy behind the acquisition of Optoplan, based in Trondheim, Norway, is to combine the expertise of Optoplan in 4D Permanent reservoir monitoring (4D PRM) with Alcatel-Lucent Submarine Networks’ position in submarine cable systems, including its production capabilities and marine installation fleet.
Philippe Dumont, president of Alcatel-Lucent Submarine Networks, said: “While ASN is a leading player in Oil and Gas platform connectivity, Optoplan will extend our capabilities in the Oil & Gas domain, fully supporting the industrial plan to diversify our presence and capture new segments in this highly promising market.”
ASN and Optoplan’s combined expertise will bring an integrated 4D PRM solution, including design, manufacturing, assembly and marine installation, which will allow oil and gas companies to boost their oil recovery ratio, extend the life of their oil fields and improve the safety of their operations.
Baburajan K
editor@telecomlead.com
