Thursday, October 23, 2014

Alcatel-Lucent Submarine Networks to acquire Optoplan

Alcatel-Lucent Submarine Networks (ASN) agreed to acquire Optoplan, a leading provider of 4D permanent reservoir monitoring solutions used in offshore oil and gas production. Financial terms were not disclosed.

Optoplan, which is based in Trondheim, Norway, develops 4D PRM technology used in seabed seismic surveys. 4D Permanent reservoir monitoring – 4D PRM – requires the permanent installation of seabed sensors to carry out frequent 4D seismic surveys of oil or gas reservoirs, collecting data that can be used by operators to monitor how oil, water and gas move in a reservoir over time. Once processed, the data helps produce detailed maps of underground geological structures, where wells should be drilled and how reservoirs can be drained to recover as much fuel as possible.

ASN said the acquisition extends its expertise in submarine cable systems.

“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,” stated Philippe Dumont, President of Alcatel-Lucent Submarine Networks.

  • In July, Alcatel-Lucent revealed that it is exploring a potential IPO for its Alcatel-Lucent Submarine Networks (ASN) business.  The move could help finance an expansion of its telecom submarine systems and its diversification into the Oil & Gas market.  Alcatel-Lucent plans to retain the majority of the ownership. Subject to market 
conditions, this capital opening is targeted to take place in the first half of 2015.