Alcatel Lucent has arranged to acquire a 4D permanent reservoir monitoring equipment provider to augment the company's subsea cable business.
Alcatel-Lucent Submarine Networks (ASN) is purchasing Optoplan for an undisclosed sum. Optoplan currently serves the offshore oil and gas sector.
Norway-based Optoplan's Optowave technology is used for seismic surveys of underground geological structures, to help determine where wells should be drilled and how they can be draiined as efficiently as possible.
ASN said it plans to provide this capability with its own subsea cable expertise to deliver a fully integrated 4D survey system.
“While ASN is already 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 president Philippe Dumont commented.
In August, Alcatel-Lucent announced a plan to spin off ASN into a separate public company via an IPO, but retain a majority stake in the business. The company aims to conduct the IPO in 1H15.