Geoex MCG is a global subsurface data provider, specialising in offshore multi-client geophysical surveys.
We are bringing together multi-disciplinary team of experts in geology, geophysics, interpretation, operations and marketing with an intimate knowledge of the inner functioning of the oil and gas industry. The company’s goal is to use this knowledge base to create or participate in projects which reduces exploration risk to the oil and gas companies, through the provision of high quality multi-client seismic data.
Our portfolio spans Europe, Africa, the Asia Pacific, and the Caribbean with a focus on multi-client 2D, 3D and hybrid surveys, reprocessing and data brokerage. See our global Data Library.
Asset light business model
Geoex MCG does not own seismic vessels. This asset light business model allows us to concentrate on undertaking only those projects which meet or exceed our technical and commercial criteria. This provides an additional advantage during times of a weakening market for seismic vessels. Data acquisition and processing capacity is acquired from external third parties, which we handpick based on each project's needs.
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.
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.
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.
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.