Growth in Demand for ‘Energy Transition Minerals’ Drives Expansion for Xcalibur
At the end of June this year, Xcalibur Airborne Geophysics completed its acquisition of all the CGG Multiphysics businesses, except the multi-client library. Xcalibur has been in operation since 2002 with over 4 million line-km of data collected. It has operated successfully in most countries in Africa as well as the Middle East and Canada. The company has offices in Spain, South Africa, and Colombia and operates a fleet of aircraft which allows them to collect data in challenging environments due to their low-level flying ability and power to weight ratios.
The new combined group will be named Xcalibur Multiphysics and will be able to offer these services on a global basis with additional offices located in North and South America, Europe, Africa, and Australia. The enlarged company is hoping to take advantage of the projected increase in exploration activities prompted by the surge in demand for minerals resources and underground water, related to the energy transition, green energies, and sustainability challenges. They are currently also engaged in several R&D projects, including the application of Artificial Intelligence and Machine Learning in natural resources and sustainable exploration.