Name

Geoex MCG

Legal name

Geoex MCG Ltd

Website

https://geoexmcg.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Epsom

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Multi-Client Seismic Data Licensing: Geoex MCG acquires, processes, and licenses geophysical data to multiple energy companies on a multi-client basis. Energy companies pay licensing fees to access seismic datasets for exploration and acreage evaluation. The model generates revenue through prefunding (industry participation prior to acquisition) and post-licensing sales. The company holds exclusive rights to new offshore seismic data acquisition in Venezuela under a multi-client agreement.
2. Data Processing and Imaging Services: The company markets and sells geophysical data on behalf of energy companies, geophysical contractors, and governmental authorities, including data conditioning, reprocessing, and full interpretation services.
3. CCUS Subsurface Services: Geoex MCG offers end-to-end Carbon Capture, Utilization, and Storage services including site identification using legacy data and machine learning, baseline seismic acquisition, injection management, and 4D monitoring for carbon storage projects.
4. Natural Hydrogen Exploration Services: Expansion into natural hydrogen exploration data and surveys as part of the company's broader energy transition strategy.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Geoex MCG acquires, processes, and licenses multi-client geophysical (seismic) data to oil & gas exploration companies, government energy ministries, and CCUS project developers across global offshore basins. The company operates an asset-light model, handpicking specialist contractors for each project and licensing the resulting datasets to multiple clients. Its portfolio spans regions including Europe, Africa, the Americas, the Caribbean, and Asia-Pacific, with proprietary reprocessing capabilities, FWI-based imaging, and machine-learning-driven CCUS workflows.

Product overview

Geoex MCG is a global subsurface data provider offering a comprehensive portfolio of geophysical products and services for the energy industry, including oil & gas exploration, CCUS, and natural hydrogen. The company's product suite centers on multi-client seismic data acquisition, processing, and licensing across multiple regional datasets. Core offerings include The Greater Caribbean Basin Synthesis (reprocessed 2D seismic data for Venezuela offshore), Regional Deep Imaging (long-offset 2D across North Sea, Norwegian Sea, Barents Sea), CAMDI (Caribbean Atlantic Margin), and various regional surveys including Nicaragua Pacific, Mexico Maximus, Barbados MC2D, Mozambique Angoche MC3D, Quad 35 Hybrid MC3Ds, and Lebanon Block 8. Supporting services include CCUS Gulf of Mexico subsurface studies with machine learning, End-to-end Carbon Sequestration and Monitoring Services, and data reprocessing services. The company operates through an asset-light business model, procuring high-quality geophysical data and marketing seismic data on behalf of energy companies, contractors, and governmental authorities across Europe, Africa, Americas, Caribbean, and Asia-Pacific.

Differentiator

Problem solved

Functional benefit

Products and services

• The Greater Caribbean Basin Synthesis Multi-phase exploration project providing over 18,000 km of newly reprocessed (2025) 2D seismic datasets covering Venezuela offshore areas near the Orinoco Delta, Perla, and Dragon gas fields, designed to illuminate offshore gas accumulations and identify key prospects. Part of a larger campaign offering approximately 40,000 km of 2D and 4,500 km² of 3D seismic data.
• End-to-end Carbon Sequestration and Monitoring Services Integrated CCUS services covering the full lifecycle from site identification using legacy data and machine learning, through baseline acquisition, injection management with industry partners, to continuous 4D survey monitoring for regulatory compliance.
• CCUS Gulf of Mexico (GoM) Subsurface Study Extensive subsurface study covering 31,197 km² identifying carbon storage capacity and risks of key prospects in US Gulf of Mexico protraction areas, utilizing legacy seismic data, 4,137 wells, and machine learning for prospect evaluation.
• Norwegian SuperMerge Integrated 2D and 3D seismic data package with check shot correlated velocities covering the Norwegian Continental Shelf, providing matched and merged 'Ready-to-go' datasets from high-profile industry experts.
• Regional Deep Imaging (RDI) Long offset 2D seismic profiles imaging large scale, deep-seated crustal structures across North Sea, Norwegian Sea, and Barents Sea, with cross-border lines connecting Norway, UK, Faroe Islands, and Denmark.
• Caribbean Atlantic Margin Deep Imaging (CAMDI) 16,348 km MC2D seismic survey targeting underexplored basins along Southeastern Caribbean and Western Atlantic margin, covering Trinidad and Tobago, Barbados, Grenada, and St. Vincent with gravity and magnetic data.
• Nicaragua Pacific: The Complete Collection Definitive multiclient data package covering Nicaragua Pacific margin and Sandino Basin, incorporating multiple 2D and 3D surveys including newly acquired and reprocessed data, processed by DownUnder GeoSolutions.
• Mexico - Maximus 23,600 km MC2D seismic data covering Salinas Basin blocks across all four bidding rounds, including Yucatan Shelf and deep water areas, with PSTM and PSDM processing by DUG.
• Barbados MC2D (MCG1281/1381) Multi-client 2D seismic survey acquired in cooperation with the Government of Barbados, covering 7,113 km in the Barbados Through and Tobago Basin areas with 10,500m streamer and 13-second record length.
• Mozambique Angoche MC3D Multi-client 3D project covering up to 8,500 km² in the North Angoche Basin, Angoche, Zambezi, and Save Basins offshore Mozambique, designed for the 6th Licensing Round with acquisition parameters targeting deep marine reservoir features.
• Quad 35 Hybrid MC3D and Quad 35 North Hybrid MC3D Hybrid ultra-high density MC3D streamer and sparse OBN surveys in Quadrant 35 Northern North Sea, covering 962 sqkm (Quad 35) and 420 sqkm (Quad 35 North) with PSTM/PSDM processing and FWI velocities.
• Norwegian SuperGrid Matched and merged continuous datasets with 2D/3D seismic data, velocity models, structural interpretations, and comprehensive GIS projects covering the Norwegian Continental Shelf.
• Lebanon Multi-Client 3D Survey (Block 8) Multi-client 3D seismic survey in Lebanon Block 8 under ministry authority, minimum 1,400 km² with PSTM, PSDM, and optional FWI imaging technology for deep-water Oligo-Miocene sandstone targets.
• Froan/Frøya MC3D (GeoStreamerX®-Enhanced Dataset) Multi-client 3D seismic dataset covering more than 2,800 km² across the Frøya High and Froan Basin, enhanced with GeoStreamerX® dual-azimuth technology in cooperation with TGS.
• El Salvador MC2D Offshore Seismic Program Multi-client offshore 2D seismic program covering more than 5,000 km across El Salvador's underexplored Pacific margin, the first major program of its kind at this scale for the country.
• Venezuela Seismic Data Licensing Licensing of offshore seismic data in Venezuela under multi-client agreement with the Ministry of Hydrocarbons, with recently reprocessed datasets covering Perla, Rio Caribe, and Dragon fields.
• CCUS Machine Learning Project (Gulf of Mexico) CCUS Gulf of Mexico study applying semi-supervised machine learning (Random Forest, Light GBM, XGBoost) to legacy seismic and well data for CO2 site identification, conditioning, and monitoring, processing over 2,000 wells and 30,000 km of log data.

Quantifiable outcome

• Reduced exploration risk ahead of APA 2026 application through clearer seismic imaging and reliable velocities
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

13 partnerships are on record, tiered minor and core.

• Venezuela Energy Week 2026minorGTM or Marketing Partner · 15 June 2026Geoex MCG named Official Geoscience Partner for Venezuela Energy Week 2026 (Caracas, October 26-29, 2026). The partnership positions the event as a platform connecting government officials, investors, and technical experts to discuss Venezuela's offshore energy resources and attract international investment.
• DUG TechnologycoreTechnology or IntegrationPartnership with DUG Technology for reprocessing seismic data, utilizing DUG's broadband processing technology (Broad Deghosting Technology) and processing infrastructure for Venezuela offshore data and Nicaragua Pacific surveys.
• TGScoreTechnology or IntegrationGeoStreamerX® technology cooperation with TGS for the Froan/Frøya MC3D survey enhancement. Integration of newer perpendicular GeoStreamer® acquisition resulting in dual-azimuth GeoStreamerX® data. Part of a broader three-year GeoStreamerX® Campaign in the Norwegian Sea.
• CEL (Comisión Ejecutiva Hidroeléctrica del Río Lempa)coreStrategic or Co-development PartnerStrategic collaboration with El Salvador's state hydroelectric commission for a major new offshore 2D seismic program covering more than 5,000 km across El Salvador's Pacific margin — the first of its kind at this scale for the country.
• Earth Science AnalyticscoreTechnology or IntegrationCollaboration on the CCUS GoM Machine Learning Project, applying semi-supervised machine learning techniques (Random Forest, Light GBM, XGBoost) to legacy seismic and well data for carbon storage site identification and characterization in the US Gulf of Mexico.
• Petronic (Nicaragua)minorStrategic or Co-development PartnerPartnership with Nicaraguan state-owned fuel distribution company Petronic for Nicaragua Pacific exploration agreements and data acquisition programs.
• Fugro Multi Client ServicesminorStrategic or Co-development PartnerCooperation with Fugro MC Services on the Great Australian Bight Frontier Basin Project, encompassing PSTM reprocessing of 21,290 km of 2D seismic data, airborne gravity and magnetic data, and satellite seep data.
• JMJ Petroleum Pte LtdminorStrategic or Co-development PartnerCooperation agreement with JMJ Petroleum for identifying new multi-client seismic survey opportunities in Southeast Asia and Australasia, combining JMJ's regional exploration reports with MCG's seismic data.
• Aker Exploration ASminorChannel Partner/ Reseller/ DistributorExclusive Sales and Marketing Agreement for 7 of Aker's electromagnetic (EM) scanning surveys on the Norwegian Continental Shelf. MCG uses its technical expertise and oil company client base to market and sell the EM data.
• Seismic PartnercoreStrategic or Co-development PartnerPartnership with Seismic Partner for the Quad 35 Hybrid MC3D surveys — world-first combined MC3D Ultra High Density (UHD) streamer and node survey acquired simultaneously. Continued with Quad 35 North Hybrid MC3D.
• Brightskies GeosciencecoreStrategic or Co-development PartnerJoint partnership with Brightskies Geoscience under Lebanon's Ministry of Energy and Water authority for a multi-client 3D seismic survey in Lebanon's Block 8, commencing Q4 2023. Brightskies provides seismic processing and imaging services.
• INP Moçambique (Instituto Nacional de Petróleo)coreStrategic or Co-development PartnerMulti-client contract with INP Moçambique for the Mozambique MC3D survey covering up to 8,500 km² in the Angoche Basin, supporting Mozambique's 6th Licensing Round.
• The Geological Survey of Norway (NGU)minorStrategic or Co-development PartnerCollaborative research paper 'Structural Observations of the Northern North Sea: Insights into Rift Failure Dynamics' with NGU and NTNU, revealing geological insights into rifted margins significance for energy exploration.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• CGG: Multi-client seismic data and geoscience services provider with extensive global library and processing capabilities. Competes directly with Geoex MCG across most operating regions and shares an alumni network (Benichou, Lipsky, Sorley, Rossi, Khan all worked at CGG).
• Shearwater GeoServices: Marine geophysical services company offering seismic acquisition and multi-client library services, particularly strong in the North Sea and globally. Competes directly with Geoex MCG for vessel-based acquisition contracts and multi-client programs.
• TGS: Global leader in multi-client seismic and well data, with the largest subsurface data library and strong Norwegian Continental Shelf, Americas, and Africa coverage. Direct competitor in MC2D/MC3D surveys and a technology partner (GeoStreamerX) to Geoex MCG.
• PGS: Marine seismic acquisition and multi-client library operator with global footprint, particularly strong in the North Sea, Barents Sea, Norwegian Sea, and West Africa. Directly competes with Geoex MCG on multi-client 2D/3D surveys and reprocessing projects.
• ION Geophysical: Seismic technology and multi-client data provider with global operations, focused on marine seismic and digital subsurface solutions. Competes in the multi-client seismic space and has overlapping basins (Caribbean, Africa, Latin America).

Emerging players

• DownUnder GeoSolutions (DUG): Seismic processing and imaging company with proprietary broadband deghosting and FWI capabilities. Technology partner to Geoex MCG for Venezuela Caribbean Basin, Mexico Maximus, and Nicaragua Pacific reprocessing — competes indirectly as a service provider to E&P companies.
• EMGS (Electromagnetic Geoservices): Specialized provider of controlled-source electromagnetic (CSEM) data, particularly for Norwegian Continental Shelf exploration. Direct technology partner to Geoex MCG on integrated EM/seismic studies and operates in adjacent but complementary geophysical domains.
• Earth Science Analytics: Machine learning and subsurface analytics startup that partners with Geoex MCG on the CCUS GoM project. Operates in adjacent ML-driven geoscience analytics with potential future overlap in CCUS site identification and DHI workflows.

Broad incumbents

• Fugro: Global geo-data specialist offering site characterization, seabed surveys, and a Multi-Client Services division (e.g., Great Australian Bight collaboration with Geoex MCG). Overlaps in offshore geophysical acquisition and has broader site characterization capabilities.
• SLB (Schlumberger) - WesternGeco: Largest oilfield services company with a multi-client seismic arm (formerly WesternGeco) offering global 2D/3D data, processing, and integrated subsurface solutions. Competes with Geoex MCG across most regions but as part of a much broader portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/geoexmcg

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

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 Geoex MCG