Marine geophysics specialists Dolphin has bought Asian-based counterparts Quantum GeoServices.
The seismic data processing firm, based in Singapore, has entered into an exclusive agreement with Dolphin over the deal.
The value of the deal has not been disclosed, but is expected to be completed by early August.
Oslo-listed Dolphin, which has provided a seismic scanning vessel for the Norwegian Petroleum Directorate’s scans of the Barents Sea, said earlier this month that it had increased working capital to more than $70million ahead of next month’s second quarter earnings release.
“The purchase of Quantum marks a significant step in becoming a global company,” said Dolphin chief executive Atle Jacobson.
“It provides us with a permanent presence within the Asia Pacific market and demonstrates our commitment to the region. Quantum will assist us greatly in marketing all of our services.”