TGS Acquires Geotechnical Data Manager Firm Volant

Bought technology firm providing integration services for E&Ps concerning geotechnical data.

Houston-based TGS-NOPEC Geophysical Co. reports its Geological Products division purchased all the outstanding shares of privately held, Houston-based Volant Solutions Inc. for an undisclosed price.

Volant is a technology firm that provides integration services for E&P companies to address the challenges of managing ever increasing quantities of geotechnical data. This integration of internal and external data sources with geoscience applications used by the industry enables scientists and engineers to reduce interpretation cycle time and increase efficiency.

TGS senior vice president, Geological Products, John Adamick says, “Volant Solutions is adept at helping clients connect many types of well data to multiple geoscience applications. Their EnerConnect and ENVOY software solutions are unique products that provide tremendous benefits to oil and gas companies. We are excited by the opportunity to help Volant grow their business and to simultaneously increase the connectivity of TGS well data sets.”

Volant chief executive Scott Schneider says. “Volant has developed a robust software solution that facilitates the integration of the leading geoscience databases and applications—the key ingredient that we've been missing is the tight integration with vendor data. With the combination of TGS and Volant, we are now capable of providing geoscientists with complete visibility into a vast array of data products directly from their desktops.”