Alphageo

What Alphageo does

Alphageo (India) Limited is a Hyderabad-based, publicly listed (BSE: 526397, NSE: ALPHAGEO) provider of seismic survey services to the oil and gas exploration and production sector. Founded in 1987, the company is described as India's largest private-sector onshore seismic service provider and the only Indian geophysical company offering the complete seismic value chain — acquisition, processing, and interpretation — under one roof. It operates four 3D crews with channel counts exceeding 12,500 and runs a wholly-owned subsidiary, Alphageo Offshore Services Private Limited (AOSPL), for offshore work.

The company's technology stack centers on cable telemetry Scorpion recording systems, low-distortion sensors, Sercel 428 XL acquisition systems, vibrators, and full-fledged data-processing and interpretation software deployed on advanced interactive workstations. Service lines include 2D/3D/4D/3C seismic data acquisition across diverse terrains (Himalayan foothills, jungles, plains, farmlands), processing and reprocessing (including pre-stack imaging and AVO inversion), structural and stratigraphic interpretation, and supporting offerings such as topographic GPS/RTK surveys, tape transcription and digitization (CGM/SEGY/LAS formats), third-party QC, reservoir data acquisition and analysis, airborne surveys for mineral exploration, and EM/GM surveys.

Alphageo earns revenue through project-based, tender-driven professional services contracts awarded by major public-sector oil and gas companies (ONGC, Oil India Limited, GAIL, GSPC, DGH) and select private and international operators (Vedanta, Petronas Carigali, Geopetrol, Canoro, Hardy Oil and Gas). Pricing is determined via competitive bidding rather than published rate cards. The company has historically executed projects internationally in the Republic of Georgia (2010) and Myanmar (2012), and continues to win onshore Indian tenders including under the multi-year National Seismic Program.

Name

Alphageo

Legal name

Alphageo (India) Limited

Website

https://alphageoindia.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Alphageo (India) Limited is a publicly listed Hyderabad-based seismic survey services provider, founded in 1987. It offers integrated 2D/3D/4D seismic data acquisition, processing, and interpretation to oil and gas exploration companies, primarily Indian public-sector majors.

Ownership category

akta.pro rank

Product category

Geophysical Seismic Survey Services

NAICS

Geophysical Surveying and Mapping Services (54136), Geophysical Surveying and Mapping Services (541360), Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

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

Keywords

• Seismic survey services
• Oil exploration surveys
• Geophysical data acquisition
• Seismic data processing
• 3D seismic surveys

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Seismic Survey Services: Project-based contracts for seismic data acquisition, processing, and interpretation services provided to oil and gas exploration companies. Revenue is earned through competitive bidding on exploration contracts from major clients like ONGC, Oil India Limited, and international oil companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Alphageo (India) Limited is India's oldest and largest private sector onshore seismic survey services provider, delivering end-to-end geophysical services to oil and gas exploration and production companies. Its core offering spans the complete seismic workflow — design and execution of 2D/3D/4D/3C seismic data acquisition, advanced seismic data processing (including pre-stack imaging and AVO inversion), and structural/stratigraphic interpretation along with prospect generation and evaluation. Supporting offerings include topographic surveys with GPS/RTK, tape transcription and digitization, third-party QC, reservoir data acquisition and analysis, and airborne/EM/GM mineral exploration surveys.

Product overview

Alphageo (India) Limited is a seismic survey services company offering an integrated suite of services for the oil exploration and production sector. The company provides the complete spectrum of seismic services including Seismic Data Acquisition (design and execution of 2D/3D/4D/3C surveys), Seismic Data Processing (including pre-stack imaging and AVO inversion), and Seismic Data Interpretation (structural/stratigraphic interpretation and prospect evaluation). Supporting services include topographic surveys with GPS/RTK, tape transcription and digitization (CGM/SEGY/LAS formats), third-party quality control, reservoir data acquisition and analysis, airborne surveys for mineral exploration, and EM/GM survey services. The company operates four 3D crews with a channel count exceeding 12,500 and maintains multi-terrain capability across diverse Indian geographies.

Differentiator

Problem solved

Functional benefit

Products and services

• Seismic Data Acquisition Design and preplanning plus execution of 2D, 3D, 4D, and 3C seismic surveys for oil and gas exploration companies, with multi-terrain capability across North-East, Western, and Southern India including Himalayan foothill regions, jungles, hilly and forested areas, plains, and farmlands. Uses cable telemetry Scorpion systems, Sercel 428 XL systems, and AHV IV lbs vibrators.
• Seismic Data Processing Processing and reprocessing of 2D, 3D, 4D, and 3C seismic data using advanced interactive workstations and full-fledged analytical software, including pre-stack imaging, AVO inversion, and special processing services for oil exploration clients.
• Seismic Data Interpretation Structural and stratigraphic interpretation, generation, evaluation and ranking of prospects, evaluation of blocks for exploration, identification of data gaps, and charting of exploration strategies for oil exploration clients.
• Topographic Surveys with GPS/RTK Topographic surveys using GPS and RTK technology for precise terrain mapping to support seismic and exploration programs.
• Tape Transcription and Digitization Digitization of hard copies of maps, seismic sections, and well logs into CGM, SEGY, and LAS formats, and archiving of vintage seismic data from half-inch and 9-track tapes onto 3590 E/LTO tapes.
• Third Party Quality Control for Seismic Acquisition and Processing Third-party quality control services for 2D and 3D seismic data acquisition and processing operations, delivered as an independent verification offering for oil exploration clients.
• Reservoir Data Acquisition and Analysis Reservoir data acquisition and reservoir analysis services for oil and gas exploration clients to support field development and prospect evaluation.
• Airborne Surveys for Mineral Exploration Airborne geophysical surveys for mineral exploration purposes, leveraging the company's investment in aerial survey capability.
• EM and GM Survey Services Electromagnetic (EM) and gravity-magnetic (GM) survey services for geophysical mapping, delivered through strategic partnerships.
• Geophysical Mapping Surveys Gravity and magnetic methods surveys for identification of potential areas from a mineral prognostication perspective.

Quantifiable outcome

• Completed 64-sq km 3D acquisition for Canoro Resources within 75 days despite commencing two weeks late
• +3 more outcomes

Named customers10 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Geopetrol International Inc.coreStrategic or Co-development PartnerInternational partnership with Geopetrol International Inc. of France. On March 27, Geopetrol became the second foreign operator to award Alphageo a 3D contract for a 100-sq km acquisition programme post-monsoon in NELP-V Block AA-ONN-2003/2 in Arunachal Pradesh.
• Directorate General of Hydrocarbons (DGH)coreStrategic or Co-development PartnerJoint venture partnership with DGH for speculative seismic data acquisition in Ganga Valley and Vindhyan basins. Alphageo acquired speculative seismic data as a venture partner with DGH - these basins are considered to be potential hydrocarbon bearing basins with thick sedimentary column. The data is available for sale to interested parties from DGH.
• Petronas CarigalicoreStrategic or Co-development PartnerInternational contract in the Republic of the Union of Myanmar with Petronas Carigali using Vibes & Explosives (2012). This represents Alphageo's expansion into international markets through partnerships with major national oil companies.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• CGG (Viridien): Global leader in geophysical services and seismic data acquisition/processing/interpretation. Alphageo explicitly positions itself as a cost-effective Indian alternative to CGG in domestic tenders; comparable product lines (2D/3D/4D acquisition, processing, interpretation) but vastly larger scale and global footprint.
• Schlumberger (SLB): Largest oilfield services company globally with WesternGeco seismic division offering end-to-end seismic acquisition, processing, and reservoir services. Operates at much larger scale across onshore/offshore and competes for the same ONGC/OIL contracts that Alphageo targets.
• PGS (Petroleum Geo-Services): Offshore-focused geophysical company providing seismic acquisition and imaging services globally. Directly comparable to Alphageo's offshore subsidiary (AOSPL) in seismic acquisition capability, though PGS operates at vastly greater scale with proprietary Ramform vessels.
• BGP Inc. (CNPC Geophysical): World's largest land seismic contractor and a subsidiary of China National Petroleum Corporation. Offers integrated seismic acquisition and processing/interpretation services globally, directly comparable to Alphageo's onshore seismic offering and competes for international tenders.

Direct peers

• TGS: Multi-client geophysical data company providing seismic data libraries, imaging, and interpretation services. Comparable to Alphageo's processing/interpretation arm and data library business, though TGS focuses on multi-client data licensing rather than proprietary acquisition for clients.
• Searcher Seismic: Multi-client and proprietary seismic data company offering acquisition and processing services for the exploration industry. Comparable business model with focus on regional 2D/3D multi-client surveys and processing services, similar to Alphageo's speculative data JV with DGH in Indian sedimentary basins.
• ION Geophysical: Provider of seismic acquisition technology, planning software, and processing services for the E&P industry. Comparable in offering seismic acquisition planning and processing software tools that complement acquisition crews, similar to Alphageo's processing/interpretation offering.
• Dawson Geophysical: US-based provider of onshore seismic data acquisition services for the oil and gas industry using 3D crews. Direct peer in onshore seismic acquisition services business model, comparable crew-based operations and project-based revenue, though focused on North American market.
• SAExploration: Seismic data acquisition services provider focused on land and transition zone environments. Direct comparable to Alphageo's onshore seismic acquisition business in both operating model (crew-based acquisition services) and customer base (international E&P operators).

Regional players

• Geofyzika Torun: Polish geophysical services company providing seismic data acquisition, processing, and interpretation, named explicitly by Alphageo as a foreign competitor displaced by its cost advantage in the Indian market. Comparable integrated seismic services offering primarily in Eastern Europe and former Soviet states.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alphageo-india-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 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 Alphageo