ARGAS

Name

ARGAS

Legal name

Arabian Geophysical and Surveying Company

Website

https://argas.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

251–500 employees

Short description

ARGAS is a Saudi Arabia-based geoscience data acquisition firm (founded 1966) providing seismic, drilling, and subsurface imaging services to oil and gas, mining, geothermal, and government clients across the Middle East and North Africa; wholly owned by TAQA under Saudi PIF.

Ownership category

akta.pro rank

Product category

Geophysical and Geoscience Exploration Services

NAICS

Geophysical Surveying and Mapping Services (54136), Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (213)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

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

akta.pro secondary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Geophysical surveying services
• Seismic data acquisition
• Mining exploration drilling
• Carbon storage monitoring
• Geotechnical engineering surveys

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Geoscience Exploration Services: ARGAS generates revenue through providing comprehensive geoscience services including geophysical surveys, drilling operations, data acquisition, processing, and interpretation. Services are delivered through project-based contracts for energy, mining, and infrastructure clients seeking natural resource exploration and subsurface assessment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

ARGAS is a geoscience and exploration service company that provides seismic and non-seismic geophysical data acquisition, mining drilling solutions (Diamond Core, RC, Sonic), carbon storage monitoring using fiber optics and DAS, airborne and offshore geophysical surveys, geothermal and water exploration services, and geotechnical and geohazard assessment for energy, mining, infrastructure, and government clients across the Middle East and North Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• Geophysical Data Acquisition Seismic and non-seismic measurement services for subsurface imaging, including data processing and interpretation, delivered to energy, mining, and infrastructure clients seeking resource exploration insights.
• Mining Drilling Solutions Drilling services including Diamond Core, Reverse Circulation (RC), and Sonic methods for mineral exploration and sampling, delivered to mining companies and government mining authorities.
• Carbon Storage Monitoring Fiber optic measurements and microseismic monitoring for underground carbon storage facilities to ensure structural integrity and environmental safety, provided to carbon storage operators and energy companies.
• Geothermal Energy Services Shallow geothermal solutions for district cooling and comprehensive resource analysis and estimation for renewable energy projects, delivered to geothermal developers.
• Mining Exploration Services Geological and lithological mapping, soil and geochemical sampling, data processing and reporting for natural resource discovery, provided to mining companies and geological survey authorities.
• Offshore Geophysical Services Offshore seismic and multiphysics surveys, bathymetry, and geotechnical services for marine resource exploration, delivered to energy companies and offshore developers.
• Airborne Geophysical Services Time-Domain Electromagnetics (TDEM), gravity surveys, Airborne Gravity Gradiometry (AGG), magnetics and radiometrics for wide-area resource assessment, delivered to mining companies, oil & gas operators, and government survey authorities.
• Water Exploration Services Drilling, probing, underground exploration, and geo-hazard assessment for water resource discovery and harvesting, delivered to government agencies, municipalities, and industrial water users.
• Geotechnical Engineering Services Survey, GIS solutions, and geotechnical investigations for site characterization and infrastructure development support, delivered to construction and infrastructure developers.
• Smart Sensing and Measurement Fiber optics and DAS (Distributed Acoustic Sensing) measurement, observation and monitoring wells, and underground gas storage monitoring for real-time subsurface surveillance, delivered to energy operators and storage facility owners.
• Geotechnical and Geohazard Assessment Comprehensive geotechnical engineering, sinkholes assessment, survey and GIS, underground risk analysis, and floods and rainwater harvesting evaluation, delivered to infrastructure developers and public agencies.

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators2 records

Broad incumbents

• WesternGeco (Schlumberger): WesternGeco, part of SLB, is the global market leader in land and marine seismic acquisition and multicomponent surveys. It is directly comparable to ARGAS because both sell seismic acquisition and processing services to oil & gas operators, but WesternGeco operates at much larger scale and with offshore fleet capacity ARGAS does not match.

Direct peers

• CGG: CGG is a global geoscience company providing seismic acquisition, multi-client data, imaging and geology services. It competes head-to-head with ARGAS on land and marine seismic tenders, reservoir characterization, and data processing/interpretation for E&P clients.
• TGS: TGS is a leading multi-client geoscience data and subsurface intelligence provider for oil & gas exploration. Comparable to ARGAS because both serve exploration programs with seismic surveys, subsurface data libraries, and interpretation products used by operators worldwide.
• PGS (Petroleum Geo-Services): PGS operates one of the largest offshore seismic vessel fleets and provides acquisition plus imaging services. Direct peer to ARGAS on the geophysics side, although differentiated by its offshore scale; both compete for the same E&P exploration budgets in the Middle East and internationally.
• BGP (CNPC subsidiary): BGP is the world's largest land seismic contractor and a subsidiary of CNPC. It is comparable to ARGAS because both provide land seismic acquisition, processing and interpretation, and BGP increasingly competes in Middle Eastern tenders historically dominated by regional players like ARGAS.

Emerging players

• Fugro: Fugro provides site characterization, geotechnical and geoscience services across offshore renewables and oil & gas. Comparable to ARGAS because both deliver subsurface imaging and site-investigation services, although Fugro's offshore asset base and renewable focus sit adjacent to ARGAS's land-based E&P emphasis.
• DMT GmbH & Co. KG: DMT provides geoscience, exploration and mining services including airborne geophysics, drilling and resource estimation. Directly comparable to ARGAS's mining drilling and airborne TDEM/Gravity services, particularly for European and Middle Eastern mineral exploration clients.

Regional players

• SAExploration: SAExploration is a US-based seismic acquisition contractor focused on complex land environments. While geographically it does not compete directly with ARGAS, it is comparable as a peer land-seismic acquisition peer targeting similar E&P exploration work and facing the same commodity-cycle dynamics.
• Sinopec Geophysical Co. Sinopec Geophysical is the in-house seismic and geoscience arm of Sinopec, primarily serving Chinese operators but increasingly active internationally. Comparable to ARGAS in capabilities (seismic acquisition, processing, interpretation) though primarily anchored in a different geography.

Others

• IKM Consulting / IKM Geophysics: IKM provides geoscience and subsea services to Norwegian and European operators. Adjacent to ARGAS's offshore and geotechnical capabilities and serves as an example of mid-sized geoscience service firms competing in the same E&P services market.

Market position

Customer concentration

• LinkedInsa.linkedin.com/company/argas-sa
• Xx.com/argas

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ARGAS