PXGEO

What PXGEO does

PXGEO is a privately held marine geophysical services company founded in 2021 and headquartered in Dubai, United Arab Emirates, with the parent legal entity (PXGEO Limited) registered in the Cayman Islands. The company specializes in marine seismic data acquisition for the global energy industry, combining ocean bottom node (OBN) and towed streamer methodologies to deliver subsurface imaging used in hydrocarbon exploration, reservoir monitoring, and production optimization. It also targets adjacent use cases including carbon capture utilization and storage (CCUS) and autonomous subsea inspection.

PXGEO's technology stack is anchored by proprietary hardware and software: the MNode 4C ocean bottom node with a 300-day battery life, the MANTA/MantaRay autonomous multi-component OBN system rated to 3,000 meters water depth, XArray multiple-source configurations, and the Cirrus cloud-based data management service that streams seismic data via satellite for near real-time delivery. Surveys are conducted using the company's PXGEO 2, a 14-streamer seismic vessel equipped with Sercel Sentinel solid streamers, alongside a Hybrid Acquisition capability that merges towed streamer and OBN techniques for complex reservoirs.

The company operates a direct-to-enterprise business model, selling custom seismic acquisition projects through competitive tenders and framework agreements with major international and national oil companies, notably Petrobras (multiple Santos Basin contracts) and Equinor (autonomous inspection framework). Pricing is contract-based and not publicly disclosed; revenue is generated on multi-year project cycles with consecutive survey execution. The workforce of approximately 400 spans 42 nationalities across offices in Dubai, Houston, Oslo, Paris, Bristol, Singapore, Kuala Lumpur, Rio de Janeiro, and Cairo. The company has grown in part through M&A, including the December 2023 acquisition of Norway-based AmpSeis and the April 2024 acquisition of Modus Subsea Services, and has received industry recognition including a 2024 Petrobras "Best Supplier in Seismic" award and a TGS Marine Safety Award.

Name

PXGEO

Legal name

PXGEO Limited

Website

https://pxgeo.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

251–500 employees

Short description

PXGEO is a Dubai-headquartered marine geophysical services firm that combines proprietary ocean bottom node (MNode, MANTA) and towed streamer (PXGEO 2) technologies to deliver seismic acquisition, reservoir monitoring, and emerging autonomous subsea inspection services for oil and gas operators, with Petrobras and Equinor as anchor customers.

Ownership category

akta.pro rank

Product category

Marine Geophysical Services

NAICS

Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)

Keywords

• Marine seismic services
• Ocean bottom nodes
• Towed streamer acquisition
• Seismic data acquisition
• Geophysical survey services

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Seismic Data Acquisition Services: PXGEO generates revenue through contracts for marine seismic data acquisition services, deploying proprietary OBN and towed streamer technologies. Projects are awarded through competitive tenders with major oil and gas operators and run consecutively on specific timelines.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

PXGEO is a marine geophysical service provider that delivers marine seismic data acquisition and survey design services for the energy industry. Its core offering combines proprietary ocean bottom node (OBN) technologies such as MNode 4C and the MANTA/MantaRay autonomous OBN system with towed streamer acquisition using the PXGEO 2 vessel and Sercel Sentinel streamers. The company also provides hybrid acquisition, source technology (XArray), and the Cirrus cloud-based seismic data management suite to support 3D exploration, 3D/4D appraisal and production monitoring, and carbon capture utilization and storage (CCUS) imaging.

Product overview

PXGEO is a marine geophysical service provider offering a unified portfolio of seismic data acquisition services. The core offering combines proprietary OBN technology (MNode 4C and MANTA) with towed streamer acquisition (PXGEO 2 vessel using Sercel Sentinel streamers), supported by advanced source technology (XArray) and hybrid acquisition methods. Supporting services include Cirrus cloud-based data management for near real-time seismic data access. The company delivers applications across 3D exploration, 3D appraisal and development, 4D production optimization, carbon capture utilization and storage (CCUS), and ocean bottom surveying.

Differentiator

Problem solved

Functional benefit

Brands

• MANTA®: Fully autonomous, multi-component OBN (Ocean Bottom Node) technology designed to meet demands of all survey configurations to 3000 meters water depth.
• MantaRay™
• MNode™
• Cirrus™
• XArray™

Products and services

• MNode 4C Ocean Bottom Node (OBN)

Quantifiable outcome

• 38% reduction in GHG emissions per sq km since 2021
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• EquinorcoreStrategic or Co-development Partner · 10 June 2025PXGEO and Equinor signed a one-year framework agreement to run autonomous inspection trials with the Saab Sabertooth Underwater Intervention Drone (UID) technology. The partnership validates autonomous behaviors for offshore inspection, with the Sabertooth docking autonomously and inspecting subsea infrastructure in AUV mode using onboard sonar and cameras. The first test nearshore Norway is already underway. This represents PXGEO's first commercial contract in autonomous subsea inspection.
• AmpSeiscoreTechnology or Integration · 1 December 2023PXGEO acquired Norway-based AmpSeis in December 2023 to strengthen its position in the ocean bottom seismic market and gain access to advanced seismic data collection technologies. This acquisition enhances PXGEO's OBN capabilities and technology portfolio.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• WesternGeco (Schlumberger/SLB): Schlumberger's seismic acquisition arm operating the world's largest marine seismic fleet including the Amazon-class vessels. Competes head-to-head with PXGEO in deepwater 3D/4D and Ocean Bottom surveys for IOCs and NOCs.
• CGG: Global geoscience company providing multi-client seismic data, subsurface imaging and (historically) marine acquisition. Directly comparable to PXGEO on seismic acquisition, imaging and reservoir monitoring, despite divesting its owned vessel fleet.
• TGS: Largest pure-play geophysical data company globally; multi-client seismic library owner that also acquires 4D OBN data. Direct competitor to PXGEO's marine seismic acquisition services and the closest comparable business model.
• PGS (Petroleum Geo-Services): Marine geophysical company operating a fleet of seismic vessels for 2D/3D/4D acquisition. Directly comparable to PXGEO's towed streamer and OBN acquisition services for oil & gas operators.
• Shearwater GeoServices: Pure-play marine seismic acquisition contractor with a streamer fleet and growing OBN capability (acquired CGG's marine acquisition assets). Closest direct competitor to PXGEO's hybrid acquisition offering.
• Polarcus: Marine seismic acquisition contractor (vessel assets and operations effectively taken over by TGS). Historically a direct competitor to PXGEO's towed streamer services for IOC exploration projects.
• Magseis Fairfield: Specialist in ocean bottom node (OBN) seismic acquisition, now part of TGS following 2023 combination. Closest direct competitor to PXGEO's MNode/MantaRay OBN services in deepwater.
• Seabed Geosolutions: Niche OBN-focused acquisition specialist using autonomous node deployment. Direct competitor in the ocean bottom node market where PXGEO competes with MNode and MantaRay.

Broad incumbents

• Saipem: Large offshore EPCI and survey services contractor for oil & gas. Comparable as a broader incumbent bidding on integrated offshore survey and installation scopes that can include seismic acquisition components.
• Fugro: Larger offshore site characterization and geotechnical services provider with an established geoscience arm; comparable as a broader marine geoscience services incumbent that occasionally competes in survey-related scopes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pxgeo
• Xx.com/thepxgeo

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PXGEO